Key Takeaways
- As per the official statement, Dutch customers can now trade around 150 digital assets, including over 60 crypto-Euro pairs.
- OKX has announced a new user bonus of up to 50 euros for all customers who sign up by July 3.
The leading crypto exchange OKX has now officially announced the launch of its services in the Netherlands. As per the official statement, Dutch customers now have access to spot trading, along with conversion services for around 150 digital assets, including over 60 crypto-Euro pairs.
The users can also fund their accounts through iDEAL, Netherlands’ most popular payment system, for instant Euro fiat deposits at no additional costs.
“The launch of our centralised exchange and OKX Wallet in the Netherlands is a significant milestone in our long-term commitment to the country,” said OKX Europe general manager Erald Ghoos.
This latest development comes a month after OKCoin Europe rebranded to OKX. Ghoss stated that Okcoin Europe started serving users in the country in 2021 through registration as a crypto exchange with the central bank of the Netherlands-De Nederlandsche Bank. He further added that the exchange had hired an expert local team and has carefully designed local products, paying close attention to user feedback.
To celebrate the launch, OKX has also announced a new user bonus of up to 50 euros ($54) for all customers who sign up by July 3.
While OKX is expanding its footprints in Europe, it has not been smooth sailing for the crypto firm in Asia. In late May, OKX announced it had withdrawn its VASP license application in Hong Kong. The crypto exchange also ceased to offer centralized crypto tradinservices to Hong Kong residents from May 31.
Despite OKX opening doors in the Netherlands, some prominent exchanges had to shut shop in the country in recent years. In 2022, the world’s largest exchange Binance was fined 3.3 million euros by the Dutch central bank for serving clients in the country without the required authorization. In June 2023, Binance ceased operation in the country announcing that it would take no new customers in the Netherlands after failing to secure recognition as a virtual asset provider.
