The Belgian market officially marked OKX’s entry as a cryptocurrency exchange, and the Seychelles-based operator is providing a range of services, including spot trading and crypto conversion, to increase its European presence.
Announced on November 28, the move is underpinned by signing partnerships that offer free Euro deposits via Bancontact, Belgium’s leading online payment provider, and the move has other incentives, such as free Euro deposits.
Over 200 cryptocurrencies are now available, and more than 60 cryptocurrency per euro trading pairs are available to Belgian users. The company said in its press release that it supports Bancontact and SEPA services and offers euro deposits and withdrawals at no extra cost.
OKX Strengthens European Expansion With Tailored Services And Regulatory Focus
The Belgian launch is a major milestone in our expansion strategy and we are delighted with this very strong partnership in Europe, said Erald Ghoos, General Manager for OKX Europe. “For a fast-growing Brussels and Wallonie region such as this, this is a key step in our regional expansion, based on a local team and tailored services specific to these unique needs here in Belgium,” Ghoos added.
OKX’s debut in the Netherlands in November of 2021 and now Belgian launch follow the same footsteps as OKX’s push to establish a regional stronghold. The company is also doing its best to open up Malta as a regulatory hub, as it already has a Class 4 Virtual Financial Assets license granted in 2021.
OKX’s European initiatives are to help address local requirements and navigate the continent’s evolving regulatory landscape. Specific information on additional tokens scheduled to be listed on the exchange for Belgian users is forthcoming, but the exchange promised to list additional tokens for Belgium.
Through integrating with Bancontact, OKX is filling a key user demand for instant, zero-cost transactions. With Bancontact’s reputation as a trusted and well-known payment system in Belgium, OKX hopes to attract more local crypto traders.
OKX’s European strategy further proves the exchange’s aspiration to occupy the upper tier of a market already heavily influenced by a clear regulatory outlook and user-oriented services. The inclusion of Belgium is another step toward becoming a major player in the European crypto landscape.
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