Digital asset trading platform OKCoin is making moves to expand into the European blockchain space, including the opening of a new office in the island nation of Malta.
In addition to this new branch office in Malta, OKCoin is also allowing all non-U.S. users to deposit and withdraw euros. Users worldwide can conduct euro spot trading for bitcoin and several other crypto assets.
A member of the European Union and the Eurozone, Malta has become a hotspot for crypto companies looking to meet new European audiences. In fact, that the nation’s own financial services regulators formally enlisted the help of CypherTrace in March 2019 to help them audit the number of crypto asset services in the country for fraud, as their help was required to keep up with the volume.
OKEx, another crypto exchange under the same corporate umbrella as OKCoin, set up shop in Malta last April as part of a similar plan to move into the European sphere of influence.
OKCoin stated that it has further plans to expand into the various regional crypto hubs worldwide. Having opened new offices in both Latin America and the United States within the past year, OKCoin claims that the exchange “has gained a global reach — and we won’t stop here.”