OKCoin Crypto Exchange Is Now Available In 20 More US States
OKCoin crypto exchange will provide services to traders in 21 US states from now on, the platform’s blog reports.
OKCoin managed to get regulatory approval in Alaska, Arizona, Colorado, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, Tennessee, Texas, Utah and Wisconsin.
Token-to-token trading is now live in 20 more states! OKCoin continues to work with local laws and regulators to ensure we operate a fully regulated exchange. https://t.co/dJ63vKWScX#Cryptocurrency #Exchange #Trading— OKCoin (@OKCoin) 12 сентября 2018 г.
The exchange's specialists plan to further expand the service geography and have already sent licensing applications to other states’ regulators. At the moment, operations with digital assets paired with fiat funds are available only within the state of California.
The OKCoin team have been diligently working to overcome the complexities of the US regulatory framework to create the digital assets global market, said the platform's general director Tim Buyn. In his opinion, crypto exchanges are obliged to work with existing and new regulators in order to fully realize the crypto market's potential.
Specialists noted that now American institutional investors and private traders are able to trade digital assets with zero commission fees for makers and a commission of 0.5% for takers.
As previously reported, the founder of the OKCoin and OKEx crypto exchanges, Star Xu spent a day in the police station of Shanghai after angry investors demanded the explanations from him about the alleged frauds on bitcoin futures on OKEx.