The U.S. branch of cryptocurrency exchange OKCoin will be adding five new coins to its listings, after a successful launch of the exchange in California a few months ago. These five coins include Cardano (ADA), Ripple (XRP), Zcash (ZEC), Stellar Lumens (XLM) and 0x (ZRX).
The exchange made this announcement on September 19. The five new coins will be paired with Bitcoin, Ether and the U.S. dollar. OKCoin, however, stated that the trading against fiat pairs will be available only for residents of California as of now. However, crypto-to-crypto trading pairs will be available in California along with 20 other states across the U.S.
Tim Byun, OKCoin USA CEO, said in a statement that they are quite pleased to welcome these five new cryptocurrencies and all the communities that trade them. He also said the exchange is committed to only add new tokens that offer value, utility and demonstrable use cases.
This move comes at a time when the cryptocurrency exchange OKCoin is expanding its business in the U.S. The exchange relocated to San Francisco in June 2018 and it officially announced its presence in the U.S. in the following month when it started offering trading between several major cryptocurrencies and the U.S. dollar.
Originally OKCoin focused on bitcoin-to-yuan trades. The company launched OKEx to attract a crowd of more professional traders. The OKEx exchange offers hundreds of token-to-token trading pairs.
The crypto trading business in China took a hit when the Chinese central bank started regulating Bitcoin in December 2013. OKCoin was deeply impacted in the past 18 months when the regulations kept it from offering service in nine other countries, as mentioned in the Bitcoin Magazine report.
Cryptocurrency exchange OKCoin’s surge into the U.S. market took another lead as it announced its expansion into 20 new states in the U.S. with token-to-token trading. Institutional investors and traders belonging from far-flung states such as Texas, Maine and Alaska now have access to the most secure, fastest and reliable trading platform for a wide variety of digital assets, as stated in the Medium report.
The post US Branch Of Cryptocurrency Exchange OKCoin Adds Five New Coins To Its Listings appeared first on OWLT Market.
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