OKX Launches Crypto and Wallet Solutions in Belgium, Backed by MFSA

OKX, a cryptocurrency exchange, has expanded its services to
Belgium by introducing a trading platform and a self-custodial wallet. The
announcement confirms that OKX Exchange and OKX Wallet
are now available for Belgian users.

Crypto Services in Belgium

The new offerings enable Belgian customers to access spot
trading and exchange over 200 cryptocurrencies, including 60 trading pairs with
euro integration. OKX’s services are provided through Okcoin Europe, a
Malta-based entity licensed by the Malta Financial Services Authority as a
Virtual Financial Assets Service Provider.

The launch does not reflect direct regulatory approval from
Belgian authorities. Erald Ghoos, OKX’s General Manager for Europe, clarified
that the company operates under a “non-rejection” status and offers
services from a regulated EU entity without a permanent establishment in
Belgium.

OKX Rolls Out Exchange and Wallet Services in Belgium amid Its European Expansion Pushhttps://t.co/AdOPs2h58u pic.twitter.com/rhuj4PioXL

— Coinspeaker (@coinspeaker) November 28, 2024

Meanwhile, OKX
has launched its trading platform in the UAE for both retail and
institutional investors, following its acquisition of a full operating license
from the Virtual Assets Regulatory Authority.

The platform offers services such as spot trading, express
buy/sell, and on-chain earning products as reported by Finance Magnates. Qualified traders
and institutions can access derivatives trading after passing a knowledge test,
suitability assessment, and proving liquid assets of 500,000 dirhams.

OKX Enables Euro Deposits

To support euro transactions, OKX has partnered with
Bancontact. This integration allows instant and fee-free euro deposits. The
platform also supports deposits and withdrawals through the Single Euro
Payments Area. Users can access trading after verifying their identity via the
Itsme identification app.

OKX highlighted that Belgian investors tend to prioritize
security and trust, often favoring stable investment options. Statista data
cited by Ghoos estimates that 25% of Belgian residents will engage in
cryptocurrency use by 2024, with growth projected to reach 28% by 2028.

This article was written by Tareq Sikder at www.financemagnates.com.