Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
OKX, a Seychelles-based cryptocurrency exchange, has announced plans to reenter the U.S. market. The exchange returned to U.S. operations after a major settlement with the Department of Justice (DOJ), where the company paid $500 million. OKX will provide a U.S.-based wallet and a new platform to serve domestic cryptocurrency traders. Roshan Robert, the newly appointed […]
In astrategic move to bolster its European presence, Okcoin Europe Ltd. hasrebranded to OKX and appointed Erald Ghoos as the new European General Manager. Aspart of this rebranding, OKX aims to unify its brand worldwide.
OKX Expands EuropeanPresence
OKX is one of the biggest crypto exchanges globally trusted with over 50 million users worldwide, The company has been operating in Europe since 2021, holding acrypto service provider registration with De Nederlandsche Bank and avirtual financial asset service provider license in Malta.
As part ofits expansion plans, OKX is beta-testing its platform in theNetherlands, with an official launch on the horizon. The company is seekinguser feedback during this phase to optimize performance and tailor itsofferings to the local market.
Europe ishome to many diverse and growing communities of crypto users, some of whom haveyet to be introduced to OKX and what we stand for, Hong Fang, the President ofOKX, commented. Our mission over the coming months and years is to buildlocally, including in important markets such as the Netherlands."
According to the Finance Magnates Intelligence report, OKX is the fourth largest exchange in terms of spot volumes, which grew by nearly 130% in March compared to February, reaching a value was $171 billion. It closely trails ByBit, which holds the third position by only a few percentage points.
Crypto Exchange AppointsErald Ghoos as Europe GM
EraldGhoos, the newly appointed Europe General Manager, brings extensive experienceto his role, having previously served as the General Manager of Okcoin Europe.Under his leadership, OKX aims to establish local teams that drive thecompany's global strategy, ensuring a personalized experience for its diverseuser base.
Throughthe rebrand, we aim to offer an even better customer experience for our usersin Europe, Ghoss commented on the official OKX blog post.In the coming months and years, we look forward to better serving the Europeancrypto community and enhancing our offerings to meet local needs.
There's been a lot of activity at OKX recently, at least regarding geographical moves. At the end of March, the exchange closed its branch in India, citing "local regulations," but expanded its operations in other jurisdictions. That same month, it joined the increasingly long list of companies that have obtained the Monetary Authority of Singapore (MAS) Major Payment Institution (MPI) license. OKX SG, the exchange's local subsidiary, acquired the MPI from MAS.
The authorization will allow it to provide payment services and digital payment token services. A month and a half ago, the platform introduced OKX.TR, its version targeted at traders from Turkey, offering them trading in cryptocurrency pairs against the Turkish lira.
This article was written by Damian Chmiel at www.financemagnates.com.Haider Rafique, the chief marketing officer at OKX, has caused a stir in the Bitcoin (BTC) community by inviting the public to vote on his five proposed possible future developments for the cryptocurrency. However, the still ongoing vote has attracted significant attention, with 18.8K views on the post at the time of writing. Rafique’s five proposed developments […]
Okcoin has paused its U.S. dollar wire and ACH deposits due to the regulatory intervention in Signature Bank, Okcoin’s primary partner for customer transactions in dollars. The suspension extends to over-the-counter services, credit card transactions, and trading USD-crypto trading pairs. However, all corporate and customer funds are safe, and USD withdrawal is not affected. The processing pace will be subject to bank operation. All crypto deposit and withdrawal functions remain intact, including those of U.S. dollar-pegged stablecoins. (Read More)
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire emphasized. Crypto Firms Scramble for [...]
The post Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits appeared first on Crypto Breaking News.
OKCoin exchange temporarily halts USD deposits following Signature Bank failure, but assures safety of customer funds.
U.S. dollar withdrawals on Okcoin are not affected by the suspension.
“Our team are working very hard on alternative channels and solutions in real-time,” OKCoin CEO Hong Fang tweeted. “We’ve been through much worse times since our inception. If this weekend has told us anything, it’s the significance of the future that we are building.” Source: CoinDesk
The post OKX-Affiliated OKCoin Pauses USD On-Ramp Due to Signature Bank’s Collapse appeared first on Crypto Breaking News.
Cardano [ADA] has entered the Japanese wing of one of the world’s largest crypto exchanges, OKCoin. Announcing the listing of ADA, OKCoin would start spot trading of the token on Sept. 1, trading the cryptocurrency against Japan’s national currency, the yen. The growing adoption of ADA demonstrates the prowess of the eight largest crypto projects by […]
Apifiny, a cross-exchange digital asset trading network, today announced the launch of Apifiny Algo, an advanced crypto trading library in C++ for High-Frequency Trading (HFT) and latency-sensitive traders. The trading library is being rolled out with cryptocurrency exchange Okcoin as Apifiny’s flagship partner. Okcoin clients receive free subscriptions to Apifiny Algo’s high-performance quant trading modules. […]
The post Apifiny rollsout new crypto algo trading library with Okcoin as partner appeared first on CryptoNinjas.
To tap into the NFT craze, crypto exchange Okcoin has established a marketplace featuring no transaction fees. (Read More)
Okcoin, a cryptocurrency platform, announced on Tuesday that it launched an NFT marketplace with zero transaction fees for retail investors.
This is huge! Kraken now supports Lightning Network deposits and withdrawals. The suddenly popular second Layer protocol keeps growing and gaining importance. “Finally, traders have an instant and inexpensive way to move bitcoin on and off the platform,” Kraken said in their official announcement. The Lightning Network is much more than that, though. What will happen once Kraken’s extensive clientele tries out Lightning transactions? Will the phenomenal experience change the way they see bitcoin? The second layer solution can perform millions of operations per second and all transactions cost pennies and offer final settlement. In using it, there are also privacy gains. The huge innovation, though, is the cash-like experience. The Kraken integration comes with a Lightning node of their own. To implement it, the company used LND by Lightning Labs. The reason is that “they have the largest user base and we have a lot of people on the network that have lots of experience with LND. So it has proven to be easy to use and very reliable as well.” That’s according to Kraken’s bitcoin product manager, Pierre Rochard, who also said to Bitcoin Magazine: “Adoption is going to come from people who have fiat in their bank account, and they need to get it into Bitcoin. Kraken is providing an excellent venue for them to do that, and then they can top up their mobile Lightning wallet and use it as a medium of exchange. That’s clearly the next step in terms of Bitcoin’s evolution.” Designed with this and the cash-like experience in mind, Kraken limits Lightning deposits and withdrawals to 0.1 BTC. BTC price chart for 04/02/2022 on Binance | Source: BTC/USD on TradingView.com Kraken Announced Lightning Network Integration In 2020 Even though this looks like it magically happened, the integration had been in the works for a while. In 2020, Kraken stated its intentions: “In 2021, we are committed to hiring a team to focus specifically on the Lightning Network, as part of our continuing effort to deliver the best possible experience for traders and investors. We expect to allow clients to withdraw and deposit Bitcoin on Lightning in the first half of 2021, which will allow clients to move their Bitcoin instantly and with the lowest fees.” It took a while, but it’s finally here. Market-wise, will this move the needle in favor of bitcoin? Will the world even notice? According to this list, Kraken became the 23rd exchange to support the Lightning Network. Among the giant ones already on board are Bitfinex, OKEx, OKcoin, BitMex, and Bitstamp. Among the up-and-coming ones, BullBitcoin, Buda, CoinCorner, Kollider, and Boltz. This also means, that you're able to instantly move the lightning payment you received to @krakenfx to exchange it for fiat, basically reducing the currency exchange risk to zero.This completely changes the dynamic for fiat brick and mortar stores.https://t.co/bpNzKC7ZDL — zero fee routing ? (@zerofeerouting) March 31, 2022 And, since we’re on lists, in their announcement Kraken provided Lightning wallet recommendations: “For example, BTCPay Server enables Lightning payments for merchants, greatly improving the bitcoin checkout flow. For consumers, Breez, Phoenix and Muun bring Lightning to mobile with a modern user experience.” As to the importance of the move for markets and business, a pseudonymous Lightning node operator that goes by “zero fee routing” puts everything in perspective. “This also means, that you’re able to instantly move the lightning payment you received to Kraken to exchange it for fiat, basically reducing the currency exchange risk to zero. This completely changes the dynamic for fiat brick and mortar stores.” Attacking The ESG FUD Head On The increase in Lightning Network adoption also brings a great opportunity with it. The community could clean up the disgusting ESG-based narrative enemies of bitcoin have been planting in mainstream media. Regarding this, in the already quoted interview Kraken’s Pierre Rochard said: “With Lightning, you can send a payment off-chain that is much more energy efficient, not only because you’re not adding the miner fees, and thus the amount of electricity consumption by miners, but also because that payment only has to be stored and shared by the two parties in that channel.” Do Greenpeace and Ripple not know that most bitcoin transactions are going to be off-chain in a few years? Do they not know that the Lightning Network alone will take bitcoin out of the conversation its enemies have been carefully manufacturing? Kraken certainly knows. And took action. Speaking about Kraken, its CEO Jess Powell has been present on the news lately. He recommended buying bitcoin below $40K. During the Canadian crisis, he hinted that bitcoiners should take their funds out of centralized exchanges. And he refused to voluntarily ban Russian users, providing a convincing rationale to justify Kraken’s actions. And now, his company integrated the Lightning Network. Featured Image by Ferhat Deniz Fors on Unsplash | Charts by TradingView
The massive move upside appeared as a $165 million fund is launched by OKcoin to build apps on the Bitcoin blockchain using Stacks.
Brazilan Cryptocurrency exchange Foxbit announced that it has raised $21 million in a Series A round led by OK Group, owner of cryptocurrency exchange Okcoin. (Read More)
Offers Stellar USDC on-ramp in the U.S. for retail and institutional customers.
Continue reading Okcoin Becomes First U.S. Exchange to Integrate Stellar USDC at DailyCoin.com.
Formerly at Bank of America, Barclays Capital, and HSBC, new hires join Okcoin following a year of 450% growth in clientele.
With a goal to reach 50% female customers by 2025, Okcoin's $1M initiative and new council seeks to promote greater industry inclusivity.
With the hiring, Okcoin has many women in key leadership positions, including CEO Hong Fang as well as head of content and brand Mandy Campbell.
Driven by interest in DeFi, institutional trading volume on Okcoin doubled in this timeframe
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
![Cardano [ADA] Scores Entry On Japanese Crypto Exchange](https://cdn.worldcrypto.global/imgs_news/news-stories/imgs/2022-08-24/08712b47-10ba-2eba-6bd1-e013b7226f68.webp)
