Previously, OKCoin USA was only open to traders in California, where it attracted around $700,000 in daily volume, ranking it about 125th among global exchanges, per CoinMarketCap.
“In order for the cryptocurrency market to reach its full potential, exchanges like OKCoin have to work with existing and new regulators for convertible virtual currency, digital goods, and/or securities,” said Tim Buyn, the exchange operator’s CEO. “Our team has worked diligently within the complexities of the US regulatory frameworks. We’re excited to take this major step forward as we aim to break down the barriers preventing a truly global digital asset market while adhering to long established regulations.”
