Crypto exchange, OKCoin announces its expansion of trading operations to the U.S. The China-based exchange recently opened a branch in San Francisco and named it OKCoin USA. The crypto exchange also plans to expand its operation in other states in the near future.
OKCoin in its website revealed that this new branch in the U.S will offer trading services between U.S. dollars and Litecoin (LTC), Bitcoin (BTC), Ethereum Classic (ETC), Ethereum (ETH), and Bitcoin Cash (BCH). However, the exchange mentioned on its website that the fiat-to-crypto trading service is presently limited only to Californian investors.
OkCoin’s decision of expansion came in after the world’s third-largest crypto exchange, Huobi launched its trading operations in the U.S. with the help of HBUS, its San Francisco based partner this Tuesday. However, fiat trading pairs are presently not supported by HBUS.
Huobi e also launched its trading operations on its Australian digital platform just last week. It opened an office in London with the intention of planting the exchange’s roots in Europe. Huobi has plans to begin over-the-counter trading tests in the third quarter this year as reported by BCFocus.
Earlier in April this year, OKCoin re-launched its international trading platform. The crypto exchange had ceased its cryptocurrency trading operations post the Chinese government’s ban on initial coin offerings (ICO) and the crackdown on virtual currencies. Star Xu, the founder of OKCoin crypto exchange, had set up OKEx in 2014. The OKEx crypto exchange is presently the second largest exchange in the world in terms of trading volume.
After the regulatory clampdown by the Chinese government, along with OKCoin, a couple of other cryptocurrency exchanges shifted their business overseas with a focus on crypto-to-crypto trading. China’s first crypto exchange, BTCC had also shut down its operations last year after the restriction imposed by China. However, the crypto exchange re-launched its operations last week announcing zero trading fees for the first three months of its operation.
The post OKCoin Crypto Exchange Expands Its Trading Operations To The U.S. appeared first on OWLT Market.
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