OKX launches crypto trading platform and wallet in Belgium
OKX, a cryptocurrency exchange, has expanded its operations in Europe by launching a trading platform and self-custodial wallet in Belgium. The services are offered through an EU-regulated entity, although OKX does not have direct regulatory approval in Belgium. Belgian customers can now access over 200 cryptocurrencies, including 60 trading pairs against the euro. To facilitate euro deposits and withdrawals, OKX has partnered with Bancontact, allowing instant deposits free of charge. OKX’s general manager of Europe, Erald Ghoos, noted that about 25% of Belgium’s population has crypto exposure, with an expected increase to 28% by 2028. The Belgian market is characterized by conservative investors prioritizing trust and security, as evidenced by recent regulations requiring transparent cryptocurrency advertisements to include risk warnings. This launch aligns with OKX’s strategic plan to expand its European presence, following similar launches in the Netherlands and its establishment of a regulatory hub in Malta in 2021.
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