Cryptocurrency exchange OKX has reached a major milestone in its European expansion strategy, with the company announcing that it has officially launched its fully regulated, licensed centralized exchanges in Germany and Poland.
OKX Officially Launches Operations in Germany and Poland
With this development, users in Germany and Poland will have access to over 270 cryptocurrencies, over 60 crypto-Euro trading pairs, low transaction fees, staking services, automated trading bots, and fast Euro deposit/withdrawal infrastructure.
OKX identifies Germany and Poland as not only geographical but also strategic growth markets. The platforms offered in both countries have been developed in full compliance with local regulations and offer a fully localized user experience including website, mobile app and customer support.
The company has appointed Moritz Putzhammer as general manager for Central Europe and Scandinavia, and Gabriel Manduca as general manager for Eastern Europe. Both men have extensive experience in both centralized finance (CeFi) and decentralized finance (DeFi) and will be actively involved in growing OKX’s European operations.
OKX celebrated the launch with opening events held in Berlin and Warsaw, and also premiered the short film “Mild Mild West”, which reinterprets the “wild west” image of the crypto world. OKX describes this step not only as commercial, but also as an indicator of its vision for transparency, regulation and trust in the sector.
In addition to being one of the first global crypto exchanges to hold a MiCA license in Europe, OKX continues to lead the industry in transparency with its Proof of Reserves reports published for 31 consecutive months.
What’s Next?
The company sees the launches in Germany and Poland as just the beginning, with OKX continuing to expand to more countries across Europe as it moves toward its goal of “building the world’s most trusted and user-centric crypto platform.”
OKX’s regulatory-compliant growth steps in Europe signal a rise in maturity and confidence in the sector, while promising to provide greater choice and quality service for users in the region.
This is not investment advice.