Maltese DA exchange OKEx believes in UK despite Brexit doubt

(source: Pexels/Bruce Mars)

Updated on

Malta-based digital asset (DA) exchange OKEx keeps an optimistic approach toward the UK market despite uncertainties surrounding Brexit, the company chief said in London, according to a press statement sent to Business Malta. OKEx very recently listed the British pound (GBP) on its customer-to-customer (C2C) platform,

“Despite the uncertainty around Brexit, we are still optimistic about the crypto market as this could be a new economic opportunity to both the euro and British pound,” said Andy Cheung, Head of Operations of OKEx. The OKEx chief addressed the issue yesterday in London, during an event dubbed “mindxchange”, discussing blockchain progress in the United Kingdom.

Attendants of the event agreed that as the adoption of blockchain technology is broadening in the United Kingdom, and across the world, prompt action is needed to speed up publishing a regulatory framework in place, the press statement says.

“It has always been delightful to see the crypto community growing. The United Kingdom owns one of the fastest-growing crypto communities in the world. Having observed such great potential, we wanted to support the needs here, and therefore, we launched GBP on our C2C platform,” Mr Cheung concluded.

OKEx is a digital asset exchange headquartered in Malta, offering digital assets trading services including token trading, futures trading, perpetual swap trading and index tracker to global traders with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimise their strategies. The company says their platform serves “millions of customers from over 200 countries and regions”.

OKEx recently launched the British pound (GBP) and the Thai baht (THB) as two new currencies available for trade on its over-the-counter (OTC) platform, which is often tagged as a fiat-to-cryptocurrency platform. “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,” Mr Chueng said at the time of launching GBP and THB.