Global cryptocurrency exchange giant, OKX, is making waves in the Netherlands with the official launch of its centralized crypto exchange (CEX) and OKX Wallet. The move, announced on June 3, introduces a local trading platform that allows Dutch users to trade around 150 cryptocurrencies with over 60 euro trading pairs.

OKX has integrated with the Dutch payment system iDeal, enabling free euro deposits and withdrawals for its users. This seamless integration, along with support from the European Single Euro Payments Area (SEPA), makes transactions smoother and more accessible for Dutch customers.

The newly launched OKX CEX provides Dutch residents access to spot trading, staking, and more, ensuring a comprehensive cryptocurrency trading experience. The OKX Wallet, another key offering, allows users to maintain full custody of their crypto assets, enhancing security and control.

Erald Ghoos, General Manager of OKX Europe, highlighted the significance of this launch, emphasizing the company's dedication to the Netherlands. "We've built a local expert team and tailored our products based on user feedback to ensure we meet the needs of our Dutch customers," Ghoos stated.

This launch follows OKX’s rebranding from Okcoin Europe in April, marking a significant milestone in the company's journey. OKX began serving the Netherlands in 2021, registered as a crypto services provider with the central bank of the Netherlands, De Nederlandsche Bank. Additionally, OKX holds a virtual financial asset service provider license in Malta.

To celebrate the launch, OKX is offering a special bonus of up to 50 euros ($54) for new users who sign up by July 3. Interested users can visit the OKX website, download the app, and complete the verification process to start trading.

While expanding its footprint in Europe, OKX has strategically withdrawn from certain jurisdictions, including Hong Kong, where it recently canceled its Virtual Asset Licensing Regime license application.

OKX’s strategic expansion into the Netherlands underscores its commitment to providing top-tier crypto services, reinforcing its position as a global leader in the cryptocurrency market.