Major global cryptocurrency exchange OKX has officially launched in the Netherlands, bringing with it a local trading platform and a Web3 wallet.
The centralized crypto exchange (CEX) and OKX Wallet were announced by OKX on June 3, providing Dutch customers with the ability to trade around 150 cryptocurrencies, along with at least 60 trading pairs with the euro.
OKX has integrated with the local payment system iDeal, allowing for seamless euro deposits and withdrawals for its Dutch customers. Euro deposits into OKX accounts are free of charge, with deposits and withdrawals also available through the Single Euro Payments Area (SEPA).
In addition to spot trading and staking services, residents of the Netherlands can access various features through the OKX CEX. The OKX Wallet, for example, gives users full custody of their own crypto assets.
Erald Ghoos, the general manager of OKX Europe, expressed that the launch of the exchange and wallet in the Netherlands marks a significant milestone in the company’s dedication to the country. OKX has hired a specialized local team and developed tailored products based on user feedback.
The official launch in the Netherlands comes after OKX rebranded from Okcoin Europe in April. Okcoin Europe began its operations in the country in 2021, registering as a crypto services provider with the central bank of the Netherlands, De Nederlandsche Bank. Additionally, OKX holds a virtual financial asset service provider license in Malta.
Dutch residents interested in signing up for OKX can do so by visiting the website, downloading the app from the Apple App Store or Google Play, and completing the verification process. As part of the launch celebration, OKX is offering a new user bonus of up to 50 euros ($54) for customers who sign up by July 3.
While expanding in Europe, OKX has recently withdrawn from certain jurisdictions. On May 24, OKX announced the withdrawal of its Hong Kong Virtual Asset Licensing Regime license application, along with other exchanges like Huobi and Gate.io.