- OKX customers in Belgium can now conduct euro-based crypto transactions.
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Analysts predict that Belgium’s cryptocurrency market will reach 28% by 2028.
One of the world’s largest cryptocurrency exchanges has now officially begun offering its services in Belgium. This includes a platform for exchange and non-custodial wallet services. All services offered by OKX for trading cryptocurrencies are accessible to customers in Belgium that includes spot and futures trading, and customers in Belgium can deposit euros.
On November 26, 2024, the exchange and OKX Wallets of OKX revealed that it is now live for users in Belgium so that they can trade over 200 cryptocurrencies. They have paired 60 crypto assets natively with the euro, providing users with an exceptionally wide range of trading options.
For smoother transaction processes, OKX has tied up with Bancontact the most popular online payment service in Belgium to make deposits into euros instantly. Also, it supports Single Euro Payments Area deposit(SEPA)/withdrawal services. The user can easily top up from any of the Belgian banks that support SEPA. They can do so using one of the country’s most widely used payment systems.
Erald Ghoos, OKX General Manager for Europe, has commented on the regulatory status of the platform “Though we have not gotten any direct regulatory approval in Belgium, we are doing activities there under ‘non-rejection’ status.
Cryptocurrency Market in Belgium Expanding
It is evident that the people of Belgium are interested in having some kind of digital assets, with statistics indicating that around 25% of the current population is holding cryptocurrency, while the number is to go up to 28% in 2028, therefore making cryptocurrencies a prime preference for Belgian investors.
This comes after OKX had widened its presence in Europe with the launch of an exchange in the Netherlands as of June 2024. It had intended to concentrate its EU operations further by consolidating them in Malta by July 2024. The company has been holding a Class 4 Virtual Financial Assets (VFA) Service Provider license in Malta since 2021, which further solidifies its regulatory grip in the region.
With these, OKX solidifies its presence in Europe and opens further opportunities for users in Belgium and other parts of Europe to participate in the ever-growing world of cryptocurrencies.
