OKCoin USA expansion: the Hong Kong-based exchange, after obtaining a license to operate in California, expands into 20 new states where it will trade only at the token-to-token level.
The states where they already operate are Alaska, Arizona, Colorado, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, Tennessee, Texas, Utah, Wisconsin and California.
As the company’s CEO says:
“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“.
OKCoin was born in 2013 and initially operated mainly on the Chinese market.
The closure of the Beijing exchange market forced them to expand internationally, culminating in the transformation of OKCoin into OKCoin International in August.
The company deals with bitcoin, litecoin, BCH, Ether and ETC.