OKX Expands European Reach with New Crypto Platform and Wallet

OKX has broadened its European footprint with the introduction of its cryptocurrency exchange and self-custodial wallet in Belgium.

The platform now offers Belgian customers access to spot trading and the ability to convert over 200 cryptocurrencies, including 60 pairs with the euro.

Though OKX has not obtained direct regulatory approval from Belgian authorities, its services are provided through Okcoin Europe, which operates under the regulations of the Malta Financial Services Authority.

The launch is backed by the integration of Bancontact, a popular Belgian payment system, allowing users to deposit and withdraw euros instantly and without fees. To access the platform, Belgian users must complete identification via the Itsme app.

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OKX’s expansion into Belgium is a strategic move to tap into the growing crypto market, where about 25% of the population is already engaged in cryptocurrencies. In the coming years, this figure is expected to rise. The company is focusing on trust and security to meet the conservative investment preferences of Belgian users, who are generally cautious about high-risk assets.

In line with the European expansion plan, OKX previously launched in the Netherlands and plans to further strengthen its regulatory presence in Malta, where it holds a Class 4 Virtual Financial Assets Service Provider license.

Alexander Zdravkov