The OKCoin cryptocurrency exchange has launched trading of crypto-to-crypto pairs in 20 U.S. states. As of now the residents of Texas, Nevada, Wisconsin, Tennessee, New Jersey, Texas, Utah, and other states can trade on the exchange. The full list is available on the company’s blog page.Also, the company has revealed that it filed for a license for trading in pairs with fiat money. Recently OKCoin announced that it launched trading in pairs with U.S. dollar in the state of California. The exchange plans to increase the number of states covered by its service in the near future.
WHY IS IT IMPORTANT?
- Jim Nguyen, the VP of Marketing at OKCoin, said in the company’s blog that the exchange actively worked with regulators in each separate state to reach full compliance with both state and state laws.
- The expansion is happening at the same time as Star Xu, the founder of OKCoin and CEO of Okex was detained by police in China for questioning in relation to a case of alleged fraud. Xu was then reportedly released with 24 hours of detainment.