OKCoin opens UU US subsidiary with fiat to cryptocurrency trading options



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The exchange OKCoin recently announced the launch of a new subsidiary in the United States, offering transaction services and dollar exchanges to the most important cryptocurrencies on the market.

Services are already active in the country, offering deposits, withdrawals in US dollars, Bitcoin trading options (BTC), Bitcoin cash (BCH), Litecoin (LTC), Ethereum (ETH) and ethereum classic (ETC).

Company-owned documents registered with the US Financial Crimes Control Network. UU (FinCEN for its acronym) in November 2017, the facilities of the new subsidiary, called "OKCoin USA Inc.", will be located in Mountain View, California.

At present, Cryptocurrencies Announcements trading services will only be available to investors in the state of California, to allow this option in several states of the country.

This announcement comes a few weeks after the launch by Huobi of a cryptocurrency pair trading service Recall, furthermore, that Huobi and OKCoin were considered as one of the largest foreign exchange bureaus in China , before the government regulatory notice.

This situation led to dozens of companies They struggled with digital currencies to move to less abrasive regions, which, according to a Bloomberg report done in early 2018, located dozens of these companies in Even though it is true that most countries, which today have a high rate of digital currency trading, have sought regulations to control the market and put an end to business. unlawful, there has not yet been a case of such gravity as that of China, where trade has been virtually eradicated.

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