OKEx, one of the largest exchanges in the world, has announced plans to move to the European island, Malta. This announcement came quickly after a similar announcement made by Binance, one of OKEx’s main competitors.
In an attempt to gain an understanding of the political climate around cryptocurrencies in Malta, OKEx’s executives met with the Maltese government. While many EU countries are taking a standoff-ish, if not downright hostile, approach to cryptocurrency, Malta – which aims to become a ‘global pioneer’ for cryptocurrency – has proven to be extremely welcoming to crypto and blockchain businesses.
OKEx Is Expanding To Malta Given Country’s Comprehensive Blockchain Initiatives.https://t.co/CrE4wEPOuq pic.twitter.com/nMfKFl4N1g
— OKEx (@OKEx_) April 12, 2018
Currently, OKEx only offers crypto to crypto trading along with a futures market. OKEx is currently based in Hong Kong, which has probably made it difficult for the exchange to obtain the required licenses to allow for a fiat gateway to be opened in collaboration with banking systems. However, some suspect that with the move to Malta, that the exchange will open fiat to crypto trading, which will become …
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