Announced on Jan 23, 2019, OKEx, one of the largest cryptocurrency exchange with present total market cap $494,011,680 is rolling out OTC trading specifically for UK and Thai users.
OKEx launches OTC Trading
Today’s hottest bulletins of OKEx adding two new currencies on its Over-the-counter (OTC) trading platform are exciting the million people across UK and Thailand. According to the official release, all users in both regions can be eligible to trade on OKEx’s OTC trading platform following the completion of KYC verification. With the launch announcement, the exchange also revealed the bonus of up to 50 USDT for users in UK and Thailand
Celebrate the launch of Thai Baht (THB) & British Pound (GBP) OTC markets with us.
Join OKEx today to get a welcome bonus of up to 50 USDT!
•UK & Thai users exclusive pic.twitter.com/wjvq6ZSIUY
— OKEx (@OKEx) January 23, 2019
OTC trading platform or fiat to cryptocurrency platform enables users to place orders with their specified payment method. Further, it allows them to proceed the order with the self-selected exchange rate to trade cryptocurrencies with fiat currencies. Via OKEx’s OTC trading platform, Thai and UK users can trade Thai baht (THB) and British Pound (GBP) in against cryptocurrencies including BTC, USDT, ETC, and LTC. Besides fiat to crypto, users can also trade Vietnamese Dong (VND) and Chinese Renminbi (CNY) on its OTC trading platform.
The announcement reads that the launch with limited currencies is just a start, OKEx will add more currencies in later this year. Further, it is worth to note that the Malta-based exchange is growing at a rapid pace, it stands on the second spot on the crypto exchange ranking graph of Coinmarketcap. The listing of GBP and THB to its OTC trading is followed by OKEx’s derivative market launch. The perpetual swap of OKEx is now enabled in seven different cryptocurrencies besides BTC – these include BCH, BSV, EOS, ETC, ETH, LTC, and XRP.
Andy Cheung, OKEx’s Head of Operations discusses the potential of Thailand and the UK for cryptocurrency space. The press notes that;
“Our mission is simple at OKEx. We aim to offer flexibility and convenience to our traders. Thailand and the UK own the fastest growing crypto communities in the world. We see great potential in these two markets and want to support the needs there. Because of the increasing trading volume and the number of traders in these two countries, we decided to launch the new THB and GBP trading services on our OTC trading platform. Wherever the market potential locates, we will expand there. In 2019, you can expect more currencies will be supported on OKEx,”
What do you think about OKEx’s launch of OTC trading for two new fiats? Let us know.