Digital asset trading platform OKCoin has expanded its operations in the U.S. by offering token-to-token trading in 20 new states. Individual US traders and institutional investors from these states will now have access to wide variety of digital assets.
The 20 new states include: Alaska, Arizona, Colorado, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, Tennessee, Texas, Utah and Wisconsin.
The expansion comes a couple of months after China-based OKCoin marked its entry into the U.S. market with the launch of a digital asset exchange for California residents in July 2018.
OKCoin is now applying for money transmittal licenses (MTL) for both token-to-token and fiat-to-token trading to further provide regulated trading platforms to the remaining states in the U.S.
The company will open up trading in additional states on obtaining either an MTL or permission for token-to-token trading.
OKCoin is one of the world's first and largest regulated digital asset exchanges, with millions of users in more than 100 countries around the world.
Founded in 2013, OKCoin provides traders and institutions with a fiat-to-token trading platform for digital assets including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin, with more assets coming soon.
OKCoin started its service focused on fiat-to-crypto trading pairs, and is now expanding its offering by adding crypto-to-crypto trading alongside the introduction of Stablecoins.
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