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   395

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.

CFTC to Approve LedgerX's Deliverable BTC Futures

At the same time, another platforms such as Bakkt, ErisX and Seed CX still awaiting regulatory approval
26 June 2019   66

Cryptocurrency derivatives provider LedgerX LLC has received a license from the Authorized Derivatives Market (DCM) from the US Commodity Futures Trading Commission (CFTC), which will allow it to launch the country's first bitcoin futures.

Deliveries for deliverable futures are made in the underlying asset, not in fiat funds. Thus, LedgerX outstripped the Bakkt, ErisX and Seed CX platforms, which are still awaiting regulatory approval.

At the same time, LedgerX intends to launch the Omni platform for trading options, swaps, and bitcoin futures for retail investors, since at the moment it does not see enough interest from institutional market participants.

However, it should be added that some experts have already expressed fears that the nature of the license received will not allow LedgerX to provide margin tools to customers, and Bakkt should have such functionality.

Recall about the intentions to obtain the appropriate permission and overtake competitors LedgerX said in April.