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OKX expands to the Netherlands with new crypto exchange 

OKX, a leading cryptocurrency exchange, has announced the launch of its exchange and wallet services in the Netherlands. This strategic move marks a significant expansion for the platform, aiming to provide Dutch users with robust and secure crypto trading and storage solutions.

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OKX, a leading cryptocurrency exchange, has announced the launch of its exchange and wallet services in the Netherlands. This strategic move marks a significant expansion for the platform, aiming to provide Dutch users with robust and secure crypto trading and storage solutions.

The new services from OKX include a comprehensive crypto exchange platform and a dedicated wallet, designed to cater to both novice and experienced traders. The exchange will support a wide range of cryptocurrencies, offering advanced trading features, competitive fees, and enhanced security protocols.

“We are thrilled to bring our services to the Netherlands, a country known for its progressive stance on digital innovation and technology,” said an OKX spokesperson. “Our goal is to provide Dutch users with a seamless and secure crypto trading experience, supported by our state-of-the-art technology and customer-centric approach.”

The launch in the Netherlands is part of OKX’s broader strategy to expand its presence in Europe. The company has been steadily increasing its footprint in the region, responding to the growing demand for reliable and efficient crypto services.

OKX’s wallet service will offer Dutch users a secure way to store their digital assets. The wallet features multi-layer security, including biometric authentication and encryption, ensuring the safety of users’ funds. Additionally, the wallet supports various cryptocurrencies, enabling users to manage their portfolios conveniently.

The introduction of OKX’s services in the Netherlands comes at a time when the country is experiencing a surge in cryptocurrency adoption. With a growing number of individuals and businesses engaging in crypto activities, the demand for reliable trading platforms and secure wallets is higher than ever.

OKX has committed to complying with local regulations and working closely with Dutch authorities to ensure its services meet all legal requirements. This proactive approach is expected to build trust among users and establish OKX as a reputable player in the Dutch crypto market.

The company has also planned several promotional activities to mark the launch, including trading competitions, referral bonuses, and educational webinars aimed at helping users understand and navigate the world of cryptocurrency.

As OKX continues to expand its global reach, the launch of its exchange and wallet services in the Netherlands represents a significant milestone. With a focus on security, user experience, and regulatory compliance, OKX is poised to become a major player in the European crypto landscape.

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7-Eleven South Korea to accept CBDC payments in national pilot program

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7-Eleven is set to participate in the testing phase of a central bank digital currency (CBDC) initiative, running from April to June. The retail giant’s involvement highlights the growing push for digital currency integration in everyday transactions.

The pilot program will assess the feasibility of CBDC payments at 7-Eleven stores, allowing customers to make purchases using the digital currency. The initiative is part of a broader effort to explore the real-world application of CBDCs in retail environments, potentially shaping future payment systems.

As central banks worldwide accelerate their digital currency research, private sector collaboration is seen as crucial for widespread adoption. If successful, 7-Eleven’s participation could pave the way for broader CBDC usage across retail and commercial sectors.

The outcome of the testing phase will provide valuable insights into consumer adoption, transaction efficiency, and potential regulatory considerations, influencing how CBDCs are integrated into mainstream financial systems.

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SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

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The U.S. Securities and Exchange Commission (SEC) and crypto exchange Gemini have agreed to pause legal proceedings as both sides explore a potential resolution to their ongoing lawsuit. The move signals a possible settlement in the high-profile case, which centers around Gemini’s now-defunct Earn program.

The SEC initially sued Gemini, alleging that the Earn program—designed to offer users yield on crypto deposits—operated as an unregistered securities offering. Gemini has pushed back against the claims, arguing that its operations complied with regulatory standards.

By pausing litigation, both parties may be looking for a compromise that could set a precedent for crypto lending products in the U.S. A settlement could also provide regulatory clarity for similar platforms navigating SEC scrutiny.

While the outcome remains uncertain, the crypto industry is closely watching the case, as its resolution could impact future enforcement actions and the broader regulatory approach toward digital asset lending services.

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GameStop finishes $1.5B raise to add Bitcoin to its balance sheet

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GameStop has successfully completed a debt offering, raising capital that may be used to acquire Bitcoin, signaling the company’s deeper foray into digital assets. The move aligns with its broader strategy to diversify beyond traditional retail operations and into emerging financial technologies.

While GameStop has not confirmed the exact allocation of the funds, market speculation suggests that a portion could be used to buy Bitcoin, following in the footsteps of companies like MicroStrategy. The potential investment would reinforce GameStop’s ongoing pivot toward blockchain and digital assets, an effort that began with its NFT marketplace and crypto-related initiatives.

Analysts see this development as part of a growing trend of corporations exploring Bitcoin as a reserve asset amid concerns over inflation and monetary policy. If GameStop proceeds with the acquisition, it could further validate Bitcoin’s role as a strategic investment for publicly traded companies.

The company’s board will ultimately decide how the newly raised capital is deployed. Investors and the broader crypto market are watching closely for any official announcements regarding GameStop’s Bitcoin strategy.

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