Global cryptocurrency exchange OKX continues its European expansion with the launch of operations in Belgium. The Seychelles-headquartered platform is now offering a range of crypto services to Belgian customers, including free Euro deposits through a partnership with local payment provider Bancontact.
This move reflects OKX’s commitment to tailoring its offerings to the needs of regional markets while building its presence across Europe.
Belgian users of OKX now have access to a wide range of features, including spot trading, crypto conversion, and an extensive selection of over 200 cryptocurrencies. The platform also supports more than 60 crypto-euro trading pairs, providing customers with the flexibility to trade popular and niche tokens alike.
According to OKX’s announcement on November 28, the partnership with Bancontact allows users to deposit Euros instantly and without fees, enhancing the convenience of accessing the platform. In addition, SEPA (Single Euro Payments Area) deposits and withdrawals are available, also free of charge.
Erald Ghoos, General Manager of OKX Europe, highlighted the importance of the Belgian launch, stating, “This marks a key step in our regional expansion, supported by a local team and tailored services that meet the unique needs of Belgian customers.”
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The launch in Belgium is a significant milestone in OKX’s broader strategy to strengthen its foothold in Europe. Earlier in 2024, the exchange expanded into the Netherlands, introducing its platform to Dutch users.
OKX has also taken steps to solidify its regulatory framework, with plans to establish a regional hub in Malta. The company obtained a Class 4 Virtual Financial Assets license in Malta in 2021, signaling its long-term commitment to operating within robust regulatory environments.
This expansion aligns with OKX’s strategy to cater to the growing European crypto market. The company is reportedly planning to list additional tokens for Belgian users as part of its ongoing efforts to enhance the platform’s offerings, although specific details have not yet been disclosed.
Belgium’s inclusion in OKX’s expansion plan is strategic. The country boasts a mature financial infrastructure and a growing interest in cryptocurrency adoption. By leveraging Bancontact, Belgium’s trusted online payment system, OKX ensures seamless integration with local payment preferences.
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This approach reflects OKX’s broader philosophy of adapting its services to meet the specific needs of each market it enters.
In addition to Bancontact, the availability of fee-free SEPA deposits and withdrawals positions OKX as a user-friendly platform for Belgian customers, further strengthening its appeal in the competitive European crypto market.
The expansion in Belgium is more than just an operational milestone; it signals OKX’s ambition to become a dominant player in the European crypto ecosystem. With a focus on regional partnerships, regulatory compliance, and customer-centric services, the exchange is well-positioned to capture market share in a region increasingly embracing digital assets.
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Erald Ghoos emphasized the importance of local engagement in driving OKX’s success in Europe. “Our presence in Belgium is part of a long-term vision to provide tailored solutions that resonate with regional users. By working with local teams and payment providers, we aim to deliver an unparalleled experience for crypto enthusiasts and traders.”
OKX’s European journey is far from over. The company has hinted at plans to roll out more features and token listings for Belgian users, signaling a commitment to continuous innovation. Its earlier expansions into markets like the Netherlands, along with its regulatory initiatives in Malta, demonstrate OKX’s methodical approach to growing its influence in Europe.
As the exchange continues to strengthen its European footprint, its emphasis on localized services and customer engagement will likely play a key role in its success. For Belgian crypto enthusiasts, the arrival of OKX offers a robust platform to explore and trade digital assets with convenience and security.
OKX’s launch in Belgium represents a significant step in its European expansion strategy. By offering free Euro deposits via Bancontact and supporting a diverse range of cryptocurrencies, the exchange has positioned itself as a strong contender in the region’s burgeoning crypto market.
With plans to expand its product offerings and establish a stronger regulatory presence, OKX is poised to become a leading name in Europe’s digital asset landscape. For Belgian users, this launch not only introduces a new platform but also underscores the country’s growing importance in the global crypto ecosystem.