OKEx puts faith in UK market despite Brexit uncertainty

Cryptocurrency exchange OKEx has stated it still has faith in the UK market despite the uncertainty surrounding the Brexit fiasco.

OKEx is a Malta-based digital asset exchange. The company recently announced it recorded $2.4 billion daily trading volume in its contracts market in March.

Following the addition of the British pound (GBP) on its customer-to-customer (C2C) fiat-to-token trading platform, OKEx visited the UK to discuss blockchain development in the country at a recent MindXchange event.

OKEx’s C2C trading platform supports Bitcoin (BTC), Tether (USDT), Ethereum (ETH), and Litecoin (LTC). To be eligible to trade, you need to be a designated merchant and have your account linked to a valid UK bank account alongside a valid mobile phone number.

During its visit to the UK, OKEx assembled a group of technology enthusiasts to discuss blockchain development in the UK in London.

Throughout the discussions, it was noted that a “robust regulatory environment is the key to the next bull run in the digital assets market” – according to a press release shared with Coin Rivet.

As the adoption of blockchain technology is broadening in the UK and across the world, the exchange is calling for prompt action to accelerate the process of getting a regulatory framework in place.

Andy Cheung, head of operations at OKEx, commented: “It has always been delightful to see the crypto community growing. The UK owns one of the fastest-growing crypto communities in the world.

“Having observed such great potential, we wanted to support the needs here, and therefore, we launched GBP on our platform.

“Despite the uncertainty around Brexit, we are still optimistic about the crypto market as this could be a new economic opportunity for both the European euro and British pound.”

Interested in reading more OKEx-related news? Discover how the exchange recently added Bitcoin Cash and Ripple to its C2C marketplace.