Cryptocurrency exchange OKX continues its European expansion by launching self-custody wallet and trading platform services in Belgium.
As of November 26, OKX has officially opened its wallet and exchange platforms to Belgian customers, strengthening its European footprint. This move enables Belgian crypto users to:
- Conduct spot trading on OKX’s platform
- Convert 200+ cryptocurrencies, including 60 EUR trading pairs
- Access seamless euro deposits/withdrawals via Bancontact (Belgium’s national payment system)
Key Features of OKX’s Belgian Services
Regulated EU Entity:
- Services are provided through Okcoin Europe, a Malta-registered company licensed by the Malta Financial Services Authority (MFSA) as a Virtual Financial Asset (VFA) service provider.
- No direct approval from Belgian authorities; OKX operates under "passporting" rights within the EU.
User Verification:
- Belgian traders can verify identities via Itsme (a national digital ID app) to access the platform.
Payment Integration:
- Instant, fee-free EUR deposits via Bancontact and SEPA (Single Euro Payments Area).
Market Context
- Crypto Adoption: ~25% of Belgium’s 11.8 million population has exposure to cryptocurrencies (Statista).
- Investor Behavior: Belgian users prioritize trust and security, favoring stable investments with cautious risk appetite (Erald Ghoos, OKX Europe GM).
- Regulatory Trends: Since March 2024, Belgium mandates warning disclaimers on crypto ads to enhance consumer awareness.
Strategic European Growth
This launch aligns with OKX’s broader strategy:
- June 2024: Established an EU regulatory hub in Malta under its VFA License.
- Future plans to expand services in compliant EU markets.
FAQs
Q: Is OKX directly regulated in Belgium?
A: No—OKX operates under an EU-regulated Malta entity (Okcoin Europe) via "passporting" rights.
Q: What payment methods are supported for Belgian users?
A: Bancontact for instant EUR deposits and SEPA for cashless transfers.
Q: How does OKX ensure compliance in Belgium?
A: Adheres to EU financial laws through its MFSA-licensed entity and follows local ad guidelines (e.g., crypto ad warnings).
👉 Explore OKX’s EU-compliant crypto services
Note: All hyperlinks except the above OKX link have been removed as per guidelines.
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