Okcoin Supported Countries | Is The US & EU Supported?
Mike Harry
Feb 2024
4 min read
Fact checked
Introduction: In this article, we will provide you with important information about the countries that Okcoin supports and those that are prohibited from using its services. Understanding the geographical reach of OKcoin is relevant for anyone looking to trade or invest in cryptocurrencies in compliance with local regulations!
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Okcoin Supported Countries
Established in 2013 by Star Xu, Okcoin is a smaller cryptocurrency exchange with its European subsidiary, Okcoin Europe Ltd, registered in Malta.
Okcoin supported countries
The exchange has a substantial global presence with services in 192 countries with a workforce exceeding 500 employees.
Okcoin supports a small selection of 80 cryptocurrencies and has successfully amassed a user base of over 1 million users worldwide.
The Okcoin exchange is available in a multitude of countries worldwide including the United States, Canada, United Kingdom, Germany, Australia, Singapore, and Hong Kong, just to name a few.
Okcoin Restricted & Banned countries
Despite its wide availability, Okcoin does not operate in seven jurisdictions including Cuba, Iran, Syria, and Crimea.
Additionally, certain restricted jurisdictions, such as Malaysia, the Virgin Islands, Bolivia, and Bangladesh, have limited access to its services.
Okcoin licenses & regulation
Okcoin is a globally operating cryptocurrency exchange bolstered by its extensive licensing and regulatory compliance across numerous jurisdictions.
In the United States, Okcoin USA Inc., holds the status of a licensed money transmitter (NMLS 1767779) and is a registered money services business (MSB) with the Financial Crimes Enforcement Network (FinCEN).
Beyond American borders, Okcoin has secured its standing as a Virtual Currency Service Provider in Japan, earning a license from the Kanto Local Finance Bureau in March 2020.
The exchange's commitment to regulatory compliance is equally reflected in its operations in the European Union and Canada, where it holds valid licenses.
Additionally, in Malta, Okcoin operates under a temporary license, demonstrating its ongoing efforts to expand within regulated parameters.
The exchange has also obtained licensure in Singapore from the Monetary Authority of Singapore (MAS).
Is Okcoin available in the US?
Yes, Okcoin is licensed and regulated in the United States and as such it's services are available to customers in the United States.
Can I use Okcoin in the UK?
In the United Kingdom, the use and trading of cryptocurrencies, including platforms such as Okcoin, are regulated by the Financial Conduct Authority (FCA).
Okcoin Europe Ltd is registered in Malta and provides digital asset trading services to residents of the European Union and the UK.
As such, all of Okcoin's services are available to UK citizens.
Can I use Okcoin in Canada?
Moving on to Canada, cryptocurrencies and crypto exchanges are regulated by the Canadian Securities Administrators (CSA) and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
At present, while Okcoin does not have any specific regulatory approval from the CSA or FINTRAC, it's still available to Canadians.
Is Okcoin legit?
Yes, Okcoin is a legit exchange that has received licenses across multiple jurisdictions including the US, Malta, Japan and Singapore.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
