Market Today

New listings for OKEX
Editorial Team

OKCoin has recently announced the listing of five major cryptocurrencies, Ripple’s RP, Cardano’s ADA, Stellar’s XLM, Zcash and 0x. The US-based crypto exchange will allow crypto to crypto exchanges made between these tokens and its other listings across the country, but it will also allow special access to fiat pairings for XRP, ADA, XLM, ZEC and ZRX for residents in the state of California.

According to AMBCrypto, Tim Bynn, the CEO of OKCoin has commented on the exchanges latest announcement:

“We are very pleased to welcome these five new cryptocurrencies and all of the communities that trade them. As we build out the broadest set of financial products on a globally regulated exchange, we are committed to expanding the trading pairs for our customers, while bringing tokens to the exchange that offer utility, value and demonstrable use cases. Today’s announcement signifies a giant step forward for the entire ecosystem.”

This move mirrors the effort of OKCoin to expand its operations across the United States and being on top of regulations while operating on a relatively small level in comparison to rival exchanges such as Coinbase and Gemini.

Furthermore, according to AMBCrypto and CryptoDaily:

“The company has been working closely with the regulators and following researched regulations in every state, it has expanded to, to ensure that they comply with Federal and State Convertible VC rules. In addition, the company is currently in the process of applying for a new license named Money Transmittal Licenses [MTL] in the remaining states of U.S. The licensing will allow crypto-to-crypto and fiat-crypto trading.”

By keeping in with the regulators now and by outlining a very promising expansion, OKCoin is fast becoming one of the most exciting exchanges in the United States.