OKCoin is a large Chinese exchange platform which works mainly using two currency pairs BTC/CNY and LTC/CNY. Initially, only Bitcoin was available on the platform, but now OKCoin works with other popular virtual currencies. The withdrawal of USD became available in 2014. The company was founded in 2011 by Xu Mingxing. At the beginning, the platform was available to operate only in China but the decision to spread OKCoin beyond Asia was made in order to support the Bitcoin community. However, the company has no intention of getting a license in the US. The main difficulty of working with OKCoin is the need for registration using a personal number which only Chinese citizens have. In terms of OKCoin’s price for making operations there is no fee for doing transactions in CNY except for a 0.1% commission for withdrawals.
The new office will reportedly serve as a new hub for crypto traders in Asia and Oceania.
OKCoin opens doors to crypto traders in Singapore
Gold–BTC correlation drops 20% one week after hitting all-time high of 68%, correlation metrics are often misleading for investors.
Bitcoin and Gold Short-Lived Correlation Not a Sign of Comparability
OKCoin developer grants total over $500,000 with the latest grant going to Bitcoin’s most active contributor since 2017.
OKCoin’s Fourth Developer Grant Recipient Brings Total Grants to Over $500K
OKCoin says recent U.S. regulatory clarity on digital asset custody is significant for big money players.
OKCoin Says Institutional Investors Benefit Most From OCC Crypto Clarity
Announcement by U.S. OCC to fuel business opportunities for crypto exchanges, custodians and traditionals banks.
US Banks Get Crypto Custody Nod, but Instant Demand Surge Is Unlikely
Global crypto exchange OKCoin unveiled its own oracle as a verifiable price data source for the decentralized finance, or DeFi, space.
OKCoin Launches Its Own DeFi Price Oracle Based on Compound Tech
With Dogecoin's price falling, OKCoin's CMO says the Tik Tok-fueled asset pump appears over.
DOGE Tik Tok Pump Likely Over, OKCoin CMO Says