OKCoin Brings Token-to-Token Trading Platform to 20 New US States
California was just the beginning.
After launching a Fiat-to-Token trading platform in the golden state earlier this summer, OKCoin’s surge into the US markets took another leap forward today, as we announced our expansion into 20 new states with token-to-token trading. US traders and institutional investors hailing from such far-flung states as Alaska, Texas and Maine now have access to the fastest, most secure and most reliable trading platform for a wide variety of digital assets, with costs as low as 0% for makers and 0.05% for takers.
The 20 new states include: Arizona, Arkansas, Colorado, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, Tennessee, Texas, Utah and Wisconsin.
“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,” said Tim Byun, OKCoin CEO. “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.”
Carrying out that mission, the team collaborated closely with regulators in each state to ensure OKCoin is fully in compliance with both Federal and State laws. In further attempt to bring similarly regulated trading platform to the remaining states, we are applying for money transmittal licenses (MTL) for both token-to-token and fiat-to-token trading. We will prudently open up trading in additional states once we obtain either an MTL or clarity that token-to-token trading is permissible.
OKCoin is one of the world’s first and largest regulated digital asset exchanges, with millions of users in more than 100 countries around the world. Founded in 2013, we provide traders and institutions with a fiat-to-token trading platform for digital assets including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin, with more assets coming soon. Offering fast trades and industry-leading expertise and support, our mission is to help eliminate trading barriers and improve transaction efficiency while complying with the highest regulatory standards in the US and the world.
Over the past couple of months, we have been overwhelmed by the positive response to our platform from users in California and the broader ecosystem entrepreneurs. We will be launching in even more states shortly. Stay tuned to this page or follow us on Twitter at @OKCoin to find out when.
Please direct media inquires to press@okcoin.com.
