OKX Introduces Cryptocurrency Exchange Platform and Web3 Wallet in the Netherlands

In an effort to widen its influence, the renowned digital currency exchange OKX has unveiled its Web3 wallet and virtual asset services in the Netherlands. OKX shared this news on Monday through its presence on X (previously known as Twitter). The announcement highlighted that Dutch customers will now be able to access over 150 cryptocurrencies, engage in spot trading, and utilize conversion services.

The company is also introducing over 60 diverse pairs of crypto-euro trading options. The launch of OKX’s Web3 wallet along with its crypto services within the Netherlands signifies the company’s strategy to broaden its market reach and enhance the accessibility of virtual assets to all individuals.

In order to facilitate EUR deposits and withdrawals for users in the Netherlands, OKX has partnered with iDeaL, a domestic payment service provider. This partnership ensures cost-free and rapid Euro transactions for OKX’s Dutch users. Additionally, the exchange supports SEPA (Single Euro Payments Area) transactions for residents of the Netherlands.

As a mark of its establishment in the Netherlands, OKX has gained a regulatory license from De Nederlandsche Bank (DNB), the country’s central banking institution. Beyond offering spot trading, OKX is committed to providing customers in the Netherlands an easy on-ramp to the crypto market.

Additional Insights on OKX’s Dutch Expansion

Reinforcing its dedication to superior customer service, OKX has placed emphasis on enabling users to maintain exclusive control over their virtual assets, by incorporating its Web3 wallet.

The provider of virtual asset services plans to utilize its global technical know-how and product expertise to furnish users with access to a comprehensive suite of trading instruments.

OKX’s general manager for Europe, Erald Ghoos, elaborated on the Dutch expansion strategy, acknowledging the development as a significant step in fostering a long-term foothold in the region.

Ghoos revealed that prior to this introduction, an expert team was assembled to tailor products that align with the preferences of the local clientele, with an emphasis on incorporating their feedback.

Highlighting the lead-up to the expansion, Ghoos noted that the company’s initial footprint in the Netherlands began under the name Okcoin Europe, registered with the DNB. Following a rebranding process, full-scale operations in the country were initiated in April.

To commemorate the inauguration, OKX proclaimed a reward of 50 ($54) for new users who register on July 3rd.

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