OKCoin enters the territory of Singapore
We regularly try to disassemble new digital platforms that help ordinary users to use cryptocurrency effectively. Including digital exchanges. This is not only Binance, not only Bitfinex, but other interesting platforms as well. For example OKCoin, which is one of the leading platforms in the Asian region. The well-known site operates in many eastern countries, and today the project was launched in Singapore. Next, we will look at the details of the event, as well as highlight the obvious advantages of OKCoin, which you need to know before starting cooperation with the platform. And, in principle, we will sensibly evaluate the site. So let’s get started.
More about the OKcoin project
First of all, according to the established tradition, we will analyze the basic information about the project. OKCoin has been on the market since 2013. This is a fairly old player in the digital industry, who, during his work, was able to earn status and trust from many users. The project is really trusted by both private traders and entire companies. But mostly from Asia. Despite the fact that the main office of the enterprise is located in California, the project is oriented to the east. The fact is that in the United States it is trite to register a monetary structure associated with the Blockchain than in China. Therefore, the activities of the primordial eastern stock exchange are carried out from the United States.
By the way, OKCoin works in almost all countries of the region. Now in Singapore. The grand opening of the office took place today. The new branch will enable traders from Asia and Oceania to work with many currency pairs more efficiently and easier. At the moment, combinations of Ethereum, Litecoin and Bitcoin Cash with the US dollar have been launched. It is also possible to work with a pair from Ethereum Classic and USD. Work is underway with the Singapore dollar. At the moment, trading is available only in tandem with Bitcoin and Ethereum. The rest of the assets are yet to be launched.
Why is Singapore chosen as the new office?
The fact is that Singapore is one of the leading countries in the region in terms of cryptocurrencies. The industry is actively developing, and local authorities are smartly adjusting to new trends. Combining strict control and competent support for innovative projects. Singapore is a prime example of how a state can take control of a specific area, while still supporting and motivating everyone involved. The local central bank obliges all cryptocurrency businesses to obtain certificates and permits. The checks are carried out as a measure to combat terrorism and economic crime. However, other areas, such as individual mining, are, in principle, not subject to taxes or bans. The country allows you to work and earn money, which is why Singapore can be considered a state with a successful “climate” for using digital assets.
So it comes as no surprise that OKCoin chose this country as a new location to promote their services. We have no doubt that the new project office will show remarkable profit and efficiency. All users outside of Singapore can also tap into the advanced functionality of the exchange. This is a truly reliable and promising project, with its own characteristics and characteristic advantages, which are revealed through direct use of the exchange. If something changes in OKCoin’s reputation, we will let you know, because we publish only high-quality and interesting material. Follow all the news of the crypto industry with us! Thank you for your attention and see you soon.