The Chinese crypto currency exchange OKCoin has expanded the business and resumed the trade of digital currency in 20 States. About a year ago the company had to withdraw from the U.S. market due to the imposition by the authorities of the ban on trading.
As the head of an existing Department OKCoin in San Francisco Tim bayn (Tim Buyn), the exchange received approval for conducting cryptocurrency activities in 20 new States. Bain also noted that cryptomerias need to cooperate with regulatory authorities, because the only way they can ensure that the cryptocurrency market has revealed its full potential. OKCoin to the agreement and expansion of business in the United States can help to regain the status of one of the biggest cryptocurrency trading platforms in the world.
“Our team worked diligently with the complexities in the system US regulators. We are glad that we made such a big step forward towards our goal to eliminate all barriers to the creation of an international market of digital assets, while respecting the long-established rules,” added Bain.
July OKCoin operates in California. Daily trading volume site in San Francisco is $700 000. In the list of world stock exchanges, are ranked according to this index, OKCoin is a 124-th line.
Now a crypto currency exchange services available to residents of 20 States, including Alaska, Kansas, Texas and new Jersey. It is worth noting that trade cryptocurrency pairs with the us dollar only users from California. Customers from other States gained access to buying and selling only in pairs with digital currencies, namely bitcoin and ether, without Fiat.
It is noteworthy that OKCoin is not the only Chinese stock exchange, expanding business to the West. Huobi also opened the site in the United States, concluding a strategic partnership with the local exchange. The site is called HBUS, and its daily trading volume is $1.7 million. Attempts by the Chinese exchanges to enter foreign markets may be associated with the strict legislation concerning the cryptocurrency sector in China.