OKX declared its official launch in the Netherlands on Monday, unveiling a crypto trading platform along with a Web3 wallet.
Dutch users on OKX can now buy and sell over 150 cryptocurrencies, including many paired with Euros. They can also deposit and withdraw Euros, on top of availing various Web3 features through the OKX Wallet, according to a statement.
Users can execute deposits and withdrawals through OKX’s partnership with, iDEAL, a popular Dutch payment system, or Single Euro Payments Area (SEPA) transfers.
They can also access spot trading, convert and earn services. The platform and support are available in Dutch for a smooth user experience.
“The launch of our centralized exchange and OKX Wallet in the Netherlands is a significant milestone in our long-term commitment to the country,” OKX Europe General Manager Erald Ghoos said.
We’re launching our crypto exchange services and Web3 Wallet in the Netherlands
Spot trading & convert services +150 cryptocurrencies +60 crypto-Euro pairs@EraldOnChain explains why this is a crucial step within the local community: https://t.co/ggJWvhRCJn pic.twitter.com/TciKvUg2Nb
— OKX (@okx) June 3, 2024
Ghoos said OKX built its Dutch offerings with a dedicated local team, incorporating user feedback. Their focus is on providing user-friendly features, low fees, and easy Euro transactions.
OKX Exits Hong Kong, Enters Netherlands
The launch of OKX’s exchange and Web3 wallet in the Netherlands comes after recent regional developments. These include Okcoin Europe’s rebranding to OKX and Ghoos’ appointment to lead European operations.
Earlier this year, OKX stopped offering trading pairs with stablecoin USDT for users in Europe. An OKX spokesperson clarified that they did this to focus on providing more trading options with Euros.
Separately, OKX is among exchanges that recently pulled out of Hong Kong’s licensing process. This seems to be due to a Hong Kong regulator rule that restricts crypto exchanges from serving mainland Chinese users. This restriction is tough for global exchanges to follow, and OKX’s attempt to fight it together with others wasn’t successful.
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