After Binance OKEx Malta enters European crypto market


After Binance, OKEx Malta enters European crypto market, adding that after the meeting with the regulators from Malta in regards to the regulator cryptocurrency framework, they are “confident in the Malta government’s approach and decided to make Malta a foundation for further OKEx growth.”

13 April, AtoZ Marketz It appears that Malta is attracting more and more companies to its island, following its effort to become the “Blockchain island.” In the latest news, Malta is now welcoming the major cryptocurrency exchange OKEx to its country, as per the official press release from the exchange.

After Binance OKEx Malta enters European crypto market

It appears that Malta has adopted a strong direction to become the “Blockchain Island”, as the country has made it clear it is ready to put efforts in order to achieve its goal.

One of the latest positive developments in relation to this initiative comes in face of the announcement from Binance, one of the most popular cryptocurrency exchanges in the world. The crypto exchange has chosen Malta as the location for their new headquarters. The CEO of Binance, Changpeng Zhao, has also welcomed other cryptocurrency projects to Malta, these including Tron.

Malta has welcomed Binance, as the company looks into starting the upcoming partnerships with local banks to allow fiat-to-cryptocurrency deposits and withdrawals as soon as possible. Binance appears to move to Malta due to the heightened cryptocurrency environment strictness in Japan, South Korea, and China.

Maltese authorities have been quite active in their attempts to provide a legal framework for the distributed Ledger Technologies. One of the documents from the government is related to the enforcement of three proposed legislation pieces.

OKEx CEO Chris Lee Looks Forward to Collaboration

OKEx has written in their press release that after the meeting with the regulators from Malta in regards to the regulator cryptocurrency framework, they are “confident in the Malta government’s approach and decided to make Malta a foundation for further OKEx growth.”

OKEx CEO Chris Lee has commented on the development:

“We look forward to working with the Malta government as it is forward thinking and shares many of our same values: the most important of which are protection of traders and the general public, compliance with Anti Money Laundering and Know Your Customer standards, and recognition of the innovation and importance of continued development in the Blockchain ecosystem.”

OKEx is the second cryptocurrency exchange in terms of the 24-hour trading volume on CoinMarketCap.

 Think we missed something? Let us know in the comments section below.

    Share Your Opinion, Write a Comment