OKCoin – a leading fiat-focused digital asset exchange operating in 184 countries – has announced that traders outside the US can now deposit and withdraw euros.
From last night, all OKCoin users were given the green light to participate in euro spot trading for leading digital assets, with more pairings to be added in the coming months.
The exchange – which was originally launched in China – also revealed it would not be charging any fees for euro transactions from today until September 4 2019.
As the world’s second-largest currency, the euro becomes the latest addition to OKCoin’s stable of tradable assets alongside cryptocurrencies Bitcoin, Bitcoin Cash, Cardano, Ethereum, Ethereum Classic, Decred, EOS, Litecoin, 0x, Stellar, Tron, XRP, and Zcash.
The exchange used the announcement to further reveal the opening of a new office in Malta to be overseen by the company’s general manager Jovan Gavrilovic, who stressed that Europe was essential to the evolution of the cryptocurrency markets.
“While maintaining a balanced regulatory approach, the EU has produced many progressive ideas for innovating and disrupting the status quo of the global financial system,” he said.
“We are very pleased to bring Virtual Financial Assets, as defined in Malta, to the European market in a secure and reliable manner, enabling users in Europe to trade cryptocurrencies for euros easily and safely.”
The Malta office is part of the chiliZ Blockchain Campus – an accelerator and hub connecting some of the industry’s largest stakeholders across Asia and Europe. OKCoin is currently hiring several employees for its new Malta office and plans to expand its presence to support the company’s growth throughout the rest of the world.
After initially launching in China and becoming one of the largest digital asset marketplaces in the world, OKCoin relaunched in the United States in July of 2018 when relocating its headquarters to San Francisco and offering trading services between US dollars and several major digital assets or Convertible Virtual Currencies.