OKEx lists pound sterling and baht on trading platform

(source: Unsplash/Philip Veater)

Last Updated on Tuesday, 13 August, 2019 at 10:40 am by Christian Keszthelyi

Malta-based digital asset exchange OKEx is launching the British pound (GBP) and the Thai baht (THB) as two new currencies available for trade on its over-the-counter (OTC) platform, according to a press statement issued in late-January. OKEx’s OTC is often tagged as a fiat-to-cryptocurrency platform.

Following the launch, users in the United Kingdom and Thailand can complete KYC verification to become eligible to trade on the platform.

Allowing users to place orders with exchange rates and payment methods pre-selected by themselves to buy or sell Virtual Financial Assets with fiat currencies, OKEx claims users are hence offered access to a low-volatility market and zero transaction fee. Before listing the British pound and the Thai baht, the platform had already been facilitating global digital assets trading with the Vietnamese dong (VND) and Chinese renminbi (CNY) fiat-to-cryptocurrency markets. In the future, the platform expects to add more currencies to its listings. The Thai baht (THB) and British pound (GBP) OTC trading markets currently support bitcoin (BTC), tether (USDT), ether (ETH), and litecoin (LTC).

“Our mission is simple at OKEx. We aim to offer flexibility and convenience to our traders,” says Andy Cheung, Head of Operations at OKEx. “Thailand and the UK own the fastest-growing crypto communities in the world. We see great potential in these two markets and want to support the needs there. Because of the increasing trading volume and the number of traders in these two countries, we decided to launch the new THB and GBP trading services on our OTC trading platform. Wherever the market potential locates, we will expand there. In 2019, you can expect more currencies to be supported on OKEx,” the head adds.

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