Major global cryptocurrency exchange OKX has officially launched its local trading platform and Web3 wallet in the Netherlands.
OKX announced on June 3 the debut of its centralized crypto exchange (CEX) and the OKX Wallet in the Netherlands.
The CEX allows Dutch customers to trade around 150 cryptocurrencies, offering over 60 trading pairs with the euro.
To facilitate seamless euro deposits and withdrawals, OKX has integrated with the local payment system, iDeal.
This integration enables Dutch customers to deposit euros into their accounts without any fees.
Additionally, OKX supports deposits and withdrawals through the Single Euro Payments Area (SEPA), a European payment system.
With the launch of OKX CEX, Dutch residents can access spot cryptocurrency trading, staking, and other services.
The OKX Wallet provides users with the capability to “hold full custody of their own crypto,” according to the announcement.
“The launch of our centralized exchange and OKX Wallet in the Netherlands is a significant milestone in our long-term commitment to the country,” said OKX Europe general manager Erald Ghoos.
He highlighted that OKX has assembled an expert local team and carefully tailored its products based on user feedback.
READ MORE: Ripple CEO Brad Garlinghouse Predicts Inevitable Crypto ETFs Amid $5 Trillion Market Optimism
This launch comes after OKX rebranded from Okcoin Europe in April.
Okcoin Europe began serving Dutch users in 2021, having registered as a crypto services provider with the central bank of the Netherlands, De Nederlandsche Bank.
OKX also holds a virtual financial asset service provider license in Malta.
Dutch residents interested in joining OKX can visit the OKX website, download the OKX app from the Apple App Store or Google Play, and complete the verification process.
To celebrate the launch, OKX is offering a new user bonus of up to 50 euros ($54) for all customers who sign up by July 3.
As OKX expands in Europe, it has recently exited some jurisdictions.
On May 24, OKX announced the withdrawal of its Hong Kong Virtual Asset Licensing Regime license application, along with other exchanges, including Huobi and Gate.io.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
