Thomas Daniels
A major turning point in its European development plan, Seychelles-based cryptocurrency exchange OKX has started its operations in Belgium. Along with free Euro deposits and withdrawals made possible by a relationship with local payment network Bancontact, Belgian consumers now have access to over 200 cryptocurrencies, including more than 60 crypto-euro trading pairings.
In a November 28 news release, OKX emphasized how consumers may promptly and without costs deposit money thanks to their connection with Bancontact. Furthermore provided free of cost, the platform offers SEPA-based deposits and withdrawals. These tools seek to simplify user transactions, therefore presenting OKX as a competitive participant in the Belgian crypto industry.
Emphasizing the significance of the Belgian launch, General Manager of OKX Europe Erald Ghoos called it a “key step” in the company’s regional development. “A local team and services catered to Belgian consumers’ particular needs help to support this expansion,” Ghoos said.
The Belgian launch is a component of a more general plan to increase OKX’s profile across Europe. The exchange debuted in the Dutch market earlier in 2024 and said intentions to create a regulatory center in Malta, where it obtained a Class 4 Virtual Financial Assets licence in 2021. Although the specifics have not yet been revealed, OKX plans to increase its products for Belgian consumers in line with its continuous efforts by adding more token listings.
OKX keeps being a significant competitor in the European cryptocurrency scene by using localized payment options and matching with regional regulatory systems.
