OKCoin Increases Deposit and Withdrawal Limits

The deposit limit for KYC level 2 users was increased from USD 10,000 to USD 100,000
07 May 2018   698

OKCoin is one of the most popular digital asset trading platforms in the world, which provides trading services between the US dollar, Euro, and Japanese Yen as fiat currencies, and Bitcoin, Litecoin, Ethereum and other digital assets to customers around the globe.

At the beginning of May 2018 OKCoin has increased the deposit and withdrawal limit for both individual and corporate users:

  • Individual users: for KYC level 2 users, the deposit limit was increased from USD 10,000 to USD 100,000, and the withdrawal limit was increased from USD 50,000 to USD 100,000.
  • For KYC level 3 users, the deposit limit was increased from USD 500,000 to USD 100,000,000, and the withdrawal was increased from USD 500,000 to USD 100,000,000.
  • Corporate users: for KYC level 2 users, the deposit limit was increased from USD 500,000 to USD 1,000,000, and the withdrawal was increased from USD 500,000 to USD 1,000,000.

Previously, we have reported that the team of OKCoin announced the launch of the same-name cryptocurrency platform for trading in South Korea. The new site was called OKCoin Korea.

OKCoin to Move to European Market

Users can already trade Bitcoin, Ethereum and Bitcoin Cash in pairs with Euro and company had already opened office at Malta
06 June 2019   923

The Chinese cryptocurrency exchange OKCoin announced its entry into the European market and has already opened spot trading for couples with the euro.

In particular, users can already trade Bitcoin, Ethereum and Bitcoin Cash in pairs with European currency.

It is noteworthy that customers will be able to carry out the input / output of cryptocurrency without commissions until September 4.

Europe is essential to the evolution of the cryptocurrency markets. It is home to many progressive ideas for innovating and disrupting the status quo of the global financial system while maintaining a balanced regulatory approach. We are very pleased to bring digital asset trading to the European market in a secure and reliable manner, enabling users to trade digital assets for euro easily and safely.
 

Jovan Gavrilovic 

General Manager of Europe, OKCoin

In addition, the exchange announced the opening of a new office in Malta. The company notes that thanks to the favorable regulatory environment in this jurisdiction, OKCoin will be able to quickly and safely list tokens and add new options for EU residents.

In doing so, the Maltese division of the company will be regulated by the local financial services authority.