In an effort to expand its business, Hong Kong-based cryptocurrency exchange OKEx is setting up an office in the Mediterranean island country of Malta. Malta is soon becoming the center of attention for crypto companies, as the Maltese government recently updated its investment policies to make it more crypto friendly.
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Malta to Get Crowded With Crypto Businesses
In a press release, OKEx announced its progressive expansion to the European continent. OKEx, being the second largest trading platform based on daily crypto trading volume, can now directly serve European customers.
Just weeks before, Binance — world’s biggest cryptocurrency exchange by trade volume — set up shop in Malta. At the time, Maltese Prime Minister Joseph Muscat excitedly welcomed Binance to the country.
Chris Lee, CEO of OKEx, said of the move:
“We look forward to working with the Malta government as it is forward thinking and shares many of our same values: the most important of which are protection of traders and the general public, …
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