OKCoin, a popular China-based digital currency exchange has just announced their expansion to twenty new U.S States. On Wednesday, the company announced on its blog about the expansion which provides access to the trading platform to U.S investors from far-flung states such as Alaska, Texas, and Maine.
The company is based in Mountain View, California and a legal entity registered as OKCoin USA Inc. Last year OKCoin filed a Money Service Business (MSB) registration with the U.S. Financial Crimes Enforcement Network (FinCEN) and became an official license holder.
OKCoin was launched in 2013 and quickly became one the leading players in the cryptocurrency exchange market. With millions of users in more than a hundred countries worldwide. The exchange earned a reputation as one the fastest and reliable cryptocurrency exchanges on the market.
The platform provides traders and institutions with a fiat-to-token trading for digital assets including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. In the future, the company is planning to add even more tradeable assets for its users.
The new token-to-token only trading service is now available for customers in: Alaska, Arizona, Colorado, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, Tennessee, Texas, Utah, and Wisconsin.
Over the years, OKCoin has expanded its operations around the globe and currently holds branches in Tokyo, Seoul, Luxembourg, and Hong Kong.
While commenting on the expansion Tim Buyn, OKCoin CEO 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.