OKCoin Crypto Exchange Enters Four Additional American States Following Bitcoin Spike

By Tabassum
April 9, 2019 Updated August 11, 2021
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Announced recently, OKCoin cryptocurrency exchange has expanded its services to four additional U.S states including Alabama, Georgia, Missouri, and Montana.

OKCoin Expands as Bitcoin Prices Rebound

More likely the bitcoin bull rally influenced OKCoin crypto exchange. The exchange now goes beyond 40 existing regions and set to offer services across four more American states. Nevertheless, the exchange doesn’t serve North Korea, Sudan, Crimea, Cuba, Malaysia, Iran, Bolivia, Ecuador, Syria, Bangladesh, and Kyrgyzstan. The official announcement reads that;

We are excited to announce that fiat-to-token and token-to-token trading is now available in four new states: Alabama, Georgia, Missouri, and Montana.

Moreover, below are the countries, OKCoin offer its trading services;

State  Abbreviation  Trading Offered 
Alabama AL Token-to-token & Fiat (USD)-to-token
Alaska AK Coming soon
Arizona AZ Token-to-token
Arkansas AR Token-to-token
California CA  Token-to-token & Fiat (USD)-to-token
Colorado CO Token-to-token
Connecticut CT Coming soon
Delaware DE Coming soon
Florida FL Coming soon
Georgia GA Token-to-token & Fiat (USD)-to-token
Hawaii HI Coming soon
Idaho ID Token-to-token
Illinois IL Token-to-token
Indiana IN Token-to-token
Iowa IA Coming soon
Kansas KS Token-to-token
Kentucky KY Token-to-token
Louisiana LA Token-to-token
Maine ME Token-to-token
Maryland MD Token-to-token
Massachusetts MA Token-to-token
Michigan MI Token-to-token
Minnesota MN Token-to-token
Mississippi MS Token-to-token
Missouri MO Token-to-token & Fiat (USD)-to-token
Montana MT Token-to-token & Fiat (USD)-to-token
Nebraska NE Token-to-token
Nevada NV Token-to-token
New Hampshire NH Token-to-token
New Jersey NJ Token-to-token
New Mexico NM Coming soon
New York NY Coming soon
North Carolina NC Coming soon
North Dakota ND Token-to-token
Ohio OH Coming soon
Oklahoma OK Token-to-token
Oregon OR Coming soon
Pennsylvania PA Token-to-token
Rhode Island RI Token-to-token
South Carolina SC Token-to-token
South Dakota SD Coming soon
Tennessee TN Token-to-token
Texas TX Token-to-token
Utah UT Token-to-token
Vermont VT Coming soon
Virginia VA Token-to-token
Washington WA Coming soon
West Virginia WV Token-to-token
Wisconsin WI Token-to-token
Wyoming WY Token-to-token

The latest addition of countries into its service zone comes after OKCoin’s move towards improving regulatory status. Reportedly, the platform has filed for a money transmittal license (MTL) aims to provide ‘crypto-crypto and fiat-to-provide trading pairs’. Nevertheless, the exchange is already compliant with both Federal and state laws, additionally, filed a Money Service Business (MSB) registration with the US Financial Crimes Enforcement Network (FinCEN) in late 2017.

Additionally, OKCoin’s service across these new states includes ‘fiat-to-token and token-to-token trading, the announcement reads. Consequently, OKCoin users across these regions can access OKCoin’s crypto-to-crypto trading and fiat-to-crypto trading services.

Presently holding $11,755,553 market cap, OKCoin was the early cryptocurrency exchange in China before the stubborn regulations put in place. However, it’s worth to note that the exchange is currently targeting the traders that trade at least $100,000 in volume within a period of 30 days. As such, who does this will be automatically converted to premier status – which eventually allows an exchange to target big market players. Nevertheless, the exchange is already compliant with both Federal and state laws.

Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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