Cryptocurrency exchange OKCoin has launched in the EU, opening up euro pairs to traders for the first time.
Available from Tuesday for non-U.S. users, OKCoin's new spot trading offerings cover euro pairs with bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) at launch, with more pairs planned. The firm said on its blog that until Sept. 4, euros can be deposited and withdrawn fee-free.
At the same time, OKCoin has announced the opening of a new office in Malta, featuring, it says, a "tailored set of trading services and digital assets that are compliant with the Virtual Financial Asset Act, regulated by the Malta Financial Services Authority."
Under the EU jurisdiction's blockchain and crypto-asset framework, OKCoin will be able to list token projects and introduce a range of payment options "quickly and safely" to European customers, according to the blog post.
Jovan Gavrilovic, OKCoin's European general manager, said:
Once one of China's "Big 3" crypto exchanges, the firm was forced to shift overseas following the nation's ban on fiat-to-crypto trading in the autumn of 2017. It's now headquartered in San Francisco.
Back in January 2019, the firm appeared to be moving towards a reverse IPO in Hong Kong, with the acquisition by founder Star Xu of a listed firm for $60 million.
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