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   980

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.

OK Group to Invest $140M in Chinese DLT Development

The group will open an Asia-Pacific Innovation Development Center in Hainan, and will partner with local authorities for DLT ecosystem development
03 December 2019   327

The OKCoin cryptocurrency exchange operator, OK Group, intends to invest $ 140 million in the distribution of the blockchain in China, The Block writes.

The group will open an Asia-Pacific Innovation Development Center, which will be located in the Chinese province of Hainan, and will partner with local authorities to support the blockchain ecosystem.

Hainan has established the solid foundation for innovation industries, and with the [accelerated] development of blockchain technology, OK Group is really glad to achieve this cooperation. OK Group will make full use of the Asia Pacific Innovation Center to support the innovation and entrepreneurship in the blockchain industry via selecting the potential projects, cultivating industry talents, and incubating the blockchain star-ups.
 

Star Xu

Founder, OK Group

The innovation center will include a unit for researching data on the blockchain and an international database of entrepreneurs in the field of distributed registry technology, the group said. She also promised that she would focus on the development of practical solutions on the blockchain in order to accelerate their distribution. The main areas of work were named education, employment, healthcare and food safety.