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Disclaimer: This story was originally published on June 3, 2024.

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Cryptocurrency exchange OKX officially expanded into the Netherlands, announcing a local trading platform and Web3 wallet for Dutch customers, the company said on June 3.

The centralized exchange enables customers to trade about 150 cryptocurrencies and provides at least 60 trading pairs with the euro, OKX said. Users from the Netherlands will be able to access spot trading, convert, and earn services. 

Additionally, local platform users can deposit euros into their accounts free of charge due to the exchange’s integration with the online payment system iDeal. Deposits and withdrawals are also available to customers for free through the Single Euro Payments Area, or SEPA.

According to the announcement, OKX’s platforms, including its website and mobile app, also now support the Dutch language.

Meanwhile, the “OKX Wallet” will provide Dutch users a platform “to hold full custody of their own crypto.”

“The launch of our centralized exchange and OKX Wallet in the Netherlands is a significant milestone in our long-term commitment to the country,” said Erald Ghoos, general manager at OKX Europe.

He added that the company hired an expert local team and considered local feedback when designing their products for the Netherlands users.

“The result is a suite of crypto products and services that cater to the needs of the Dutch community, focusing on convenience, low trading fees, and seamless Euro deposits and withdrawals,” the executive concluded.

The company’s official entry into the Netherlands market follows its rebranding from Okcoin Europe to OKX in April.

OKX’s moves in Europe are a stark contrast to what the exchange is doing in some Asian jurisdictions, particularly in Hong Kong. The platform withdrew its license application in May, stopping trading services to residents by the end of the month.