InsideBitcoins.com

OKCoin Launches Singapore Exchange, Announces Support for Local Fiat

OKCoin, one of the oldest and largest cryptocurrency exchanges in the world, has just opened an office in Singapore, alongside announcing support for the country’s official dollar.

As of now, users within Singapore can use their local currency to buy and trade Bitcoin and Ethereum. On top of this, more pairs are on their way, according to a press release from the company.

“There has been a huge demand from traders throughout Singapore who are looking for a safe and reliable way to trade cryptocurrencies with the Singapore dollar, and we are proud to be entering the market in a way that fully complies with local regulations and policies,” said OKCoin’s new CEO, Hong Fang, on the matter.

As you may know, Singapore is and has been one of the leading countries regarding the push for cryptocurrencies and blockchain technology. Citizens within the country don’t pay capital gains tax, and many there are increasingly outspoken and optimistic on the matter.

OKCoin has just launched a Latin American office and support for trading over there. The group also recently appointing Fang to increase their US expansion. They’ve been expanding to other countries, too, like Argentina. They’ve also issued a Yuan-backed stablecoin, leading some to question the number of stablecoins available on the market today.

Top brokers for buying and trading cryptocurrencies

  • Platform
  • Features
  • Rating
  • Visit Site
  • US-Friendly
  • Paypal accepted
  • 12+ cryptocurrencies
4.5/5

Visit Site
75% of retail investors lose money.
eToro Reviews

    eToro Reviews

    https://insidebitcoins.com/visit/etoro-newsCreate your account
    Hide eToro Reviews
    • Best broker for non-US countries
    • Trade crypto CFDs, forex and stocks
    • No withdrawal or deposit fees
    4.5/5

    Visit Site
    80.5% of retail investors lose money.
    Plus500 Reviews

      Plus500 Reviews

      https://insidebitcoins.com/visit/plus500-newsCreate your account
      Hide Plus500 Reviews
      Remember, all trading carries risk. Past performance is no guarantee of future results.
      Avatar

      Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend.