OKX, a cryptocurrency exchange, has expanded its services to Belgium by introducing a trading platform and a self-custodial wallet. The announcement, made on November 26, confirms that OKX Exchange and OKX Wallet are now available for Belgian users.
Crypto Services in Belgium
The new offerings enable Belgian customers to access spot trading and exchange over 200 cryptocurrencies, including 60 trading pairs with euro integration. OKX’s services are provided through Okcoin Europe, a Malta-based entity licensed by the Malta Financial Services Authority as a Virtual Financial Assets Service Provider.
The launch does not reflect direct regulatory approval from Belgian authorities. Erald Ghoos, OKX’s General Manager for Europe, clarified that the company operates under a "non-rejection" status and offers services from a regulated EU entity without a permanent establishment in Belgium.
Belgian users can now enjoy seamless access to over 200 cryptocurrencies with OKX's newly launched platform and wallet 📊🔀The platform also features integrations with local payment methods for seamless transfers With an estimated 25% of the population exposed to crypto, this… pic.twitter.com/cOQOrSt5nN
— BrotherHood (@BHVenture) November 26, 2024Meanwhile, OKX has launched its trading platform in the UAE for both retail and institutional investors, following its acquisition of a full operating license from the Virtual Assets Regulatory Authority.
The platform offers services such as spot trading, express buy/sell, and on-chain earning products as reported by Finance Magnates. Qualified traders and institutions can access derivatives trading after passing a knowledge test, suitability assessment, and proving liquid assets of 500,000 dirhams.
OKX Enables Euro Deposits
To support euro transactions, OKX has partnered with Bancontact. This integration allows instant and fee-free euro deposits. The platform also supports deposits and withdrawals through the Single Euro Payments Area. Users can access trading after verifying their identity via the Itsme identification app.
OKX highlighted that Belgian investors tend to prioritize security and trust, often favouring stable investment options. Statista data cited by Ghoos estimates that 25% of Belgian residents will engage in cryptocurrency use by 2024, with growth projected to reach 28% by 2028.
This article was written by Tareq Sikder at www.financemagnates.com.
