Digital Currency Exchange OKCoin Expands Across US Market

Established in early 2018, California based Cryptocurrency exchange platform, OKCoin, has taken a major step to extend its crypto serving to more than twenty states across North America. On Wednesday, the crypto exchange officially announced its operation within states including Arizona, Indiana, Montana, Texas, along with sixteen other locations nationwide.

Trade on OKCoin Platform

Investors who have recently collaborated with OKCoin can now directly approach the exchange platform for trading services. However, residents of California are users eligible to ask for direct trading against USD. Seeing the burgeoning digital asset market, platform developers have further instigated an MTL  license for expanding their crypto to crypto and crypto to fiat exchange operations across the nation. However, only a part of this application has been approved by government regulators.

While collaborating with the local authorities,  OKCoin stated that the virtual token exchange platform would plan its services to be in accordance with provisions laid down by both local and federal policies.

In a recent interview, Tim Buyn, the Chief Executive Officer at OKCoin, expressed his views regarding the digital currency market and its need to expand exponentially. Exchange platforms such as this are required for trading with old and present regulators for exchangeable virtual tokens. Buyn also expressed his excitement for the OKCoin team who have worked hard to function within the regulations of US regulatory policy. OKCoin's lead figurehead aspires to deconstruct these obstacles whilst still adhering to the long-term rules.

The announcement of OKCoin’s expansion to more states came right after the parent organization OKCoin, Star Xu, and associate cryptocurrency exchange platform OKex, had been interrogated about its alleged connection with a scamcoin known as WFEEcoin. However, after a day-long interrogation and denial of false allegation Star Xu was released.

Initially, today OKCoin ranked amongst the top three cryptocurrency exchange platforms in China prior to the Chinese government’s ban on ICO last year. Seeing the unfavorable environment for virtual tokens, the firm had shifted the trading services overseas and was relaunched in California, US this year. A similar crypto trading platform was recently launched in the US by Peer Huobi with the aid of HBUS, its San-Francisco based partner.

2 years ago

Start Weekly Digest

Similar news