OKCoin: Brain child of OKEx founder will now offer token-to-token trading in 20 US states

Star Xu, the founder of OKEx and OKCoin, has been making headlines this week. It started with Xu’s arrest; then news surfaced on Wednesday about his release; and now, the founder’s brain child OKCoin is in the media spotlight. OKCoin announced on Wednesday that the company will now offer token-to-token only trading in 20 states in the US. The states included in the OKCoin expansion are Alaska, Arizona, Colorado, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, Tennessee, Texas, Utah and Wisconsin. OKCoin made the announcement on its blog and on Twitter. The Twitter post stated:

Token-to-token trading is now live in 20 more states! OKCoin continues to work with local laws and regulators to ensure we operate a fully regulated exchange. https://t.co/dJ63vKWScX#Cryptocurrency #Exchange #Trading

— OKCoin (@OKCoin) September 12, 2018

Known for being a regulated digital asset exchange, OKCoin has millions of users in more than 100 countries across the globe. The five-year old exchange offers a “fiat-to-token trading platform” for digital currencies namely Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC) and Litecoin (LTC). The platform plans to list more tokens in the days to come.

Who will be benefited the most from the OKCoin expansion?

US traders and institutional investors from the 20 states mentioned will definitely benefit from this global Bitcoin exchange, as they will have access to a platform that is touted as “the fastest, most secure and most reliable trading platform for a wide variety of digital assets, with costs as low as 0% for makers and 0.05% for takers”. The exchange strives to eliminate trading barriers and improve transaction efficiency while complying with the highest regulatory standards in the US and the world. Tim Buyn, CEO of OKCoin, said: “In order for the cryptocurrency market to reach its full potential, exchanges like OKCoin have to work with existing and new regulators for convertible virtual currency, digital goods, and/or securities. “Our team has worked diligently within the complexities of the US regulatory frameworks. We’re excited to take this major step forward as we aim to break down the barriers preventing a truly global digital asset market while adhering to long established regulations.”   SEE ALSO: Money Tap taps Ripple to the Japanese banking sector SEE ALSO: OKEx founder released after being “investigated”, not “arrested”   Image via Shutterstock Join our Telegram group