Ethereum

2024

DeFi

<ul class="list-ic vertical">
 <li>1 <a>OKX crypto exchange exposed its trading platform and Web3 wallet launch plan for the Netherlands.</a></li>
 <li>2 <a>The platform will offer services with numerous cryptocurrencies and trading pairs.</a></li>
 <li>3 <a>The exchange announced the same after VASP License withdrawal from Hong Kong.</a></li>
</ul>
After enhancing its presence in Brazil and Argentina, OKX is all set to expand its roots in the Netherlands. The prominent crypto exchange announced crypto exchange services and Web3 Wallet in the Netherlands, permitting trading with several pairs and cryptocurrencies.
<h2 class="wp-block-heading" id="strong-exchange-web3-wallet-launch-in-netherlands-strong">Exchange &amp; Web3 Wallet Launch in Netherlands&nbsp;</h2>
On June 3, the OKX platform took to X to announce the development on Web3 wallet and<a href="https://www.thecoinrepublic.com/2024/05/07/revolut-a-fintech-co-introduces-revolut-x-a-crypto-exchange/" target="_blank" rel="noopener noreferrer nofollow"> crypto exchange </a>expansion. The centralized platform will work around 150+ cryptocurrencies and 60 trading pairs with the Euro EUR.
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 <blockquote class="twitter-tweet">
 We're launching our crypto exchange services and Web3 Wallet in the Netherlands <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1f3-1f1f1.png" alt="🇳🇱" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2714.png" alt="✔" class="wp-smiley" style="height: 1em; max-height: 1em;"> Spot trading &amp; convert services <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2714.png" alt="✔" class="wp-smiley" style="height: 1em; max-height: 1em;"> +150 cryptocurrencies <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2714.png" alt="✔" class="wp-smiley" style="height: 1em; max-height: 1em;"> +60 crypto-Euro pairs<a href="https://twitter.com/EraldOnChain?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@EraldOnChain</a> explains why this is a crucial step within the local community: <a href="https://t.co/ggJWvhRCJn" rel="noopener noreferrer nofollow">https://t.co/ggJWvhRCJn</a> <a href="https://t.co/TciKvUg2Nb" rel="noopener noreferrer nofollow">pic.twitter.com/TciKvUg2Nb</a>— OKX (@okx) <a href="https://twitter.com/okx/status/1797546285777485980?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 3, 2024</a>
 </blockquote>
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Individuals can avail staking services for Ethereum (ETH) and altcoins along with the self-custody option for digital wallets.
“The launch of our centralized exchange and OKX Wallet in the Netherlands is a significant milestone in our long-term commitment to the country”, OKX’s Europe General Manager, Erald Ghoos.&nbsp;
Moreover, integration with iDEAL, the Netherlands’s popular online payment system would help Dutch customers to deposit funds at free-of-charge. Additionally, the platform announced a 50 Euro bonus for the early birds. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
<h3 class="wp-block-heading" id="strong-what-about-previous-expansions-in-brazil-and-argentina-strong">What About Previous Expansions in Brazil and Argentina</h3>
Before expanding roots in the Netherlands, OKX extended its operations in Brazil and Argentina.
Somewhere in February 2024, the leading crypto exchange initiated its crypto exchange and Web3 wallet services in Argentina. Argentinians were permitted to avail of services like managing Decentralized Finance (DeFi), trading NFT and digital assets, staking, and utilization of decentralized applications (dApps).
In the same way, OKX launched its services in Brazil in November 2023, offering investors and traders staking rewards and DeFi integrations. Users can also trade hundreds of digital assets along with accessing and managing DeFi products and dApps.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<h3 class="wp-block-heading" id="strong-okx-s-vasp-license-withdrawal-from-hong-kong-strong">OKX’s VASP License Withdrawal from Hong Kong&nbsp;</h3>
In the era of expansion, OKX also made some U-turns and its exit from Hong Kong best explains it. On May 24, OKX and VAEXC Limited withdrew their applications for the Hong Kong Virtual Asset Service Provider (VASP) License.
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List of VASP license applicants I Source: sfc.hk&nbsp;
The crypto exchange submitted its license application on November 16, 2023. Moreover, OKX discontinued its trading services effective May 31st, users are given three months to withdraw their assets.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
OKX is a prominent crypto exchange and innovation Web3 company. At press time, OKX’s total asset holding was recorded at $18,945,757,864.05, and $2,719,588,221.02 (39,017 Bitcoin) in spot trading volume in 24 hours, according to CoinMarketCap.

OKX Expansion: Introduces Web3 Wallet In The Netherlands

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Thecoinrepublic.com

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