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Andy Cheung, OKEx

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OKEx puts faith in UK market despite Brexit uncertainty

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After launching British Pound (GBP) on its C2C (customer-to-customer) fiat-to-token trading platform, OKEx, a Malta-based digital asset exchange, has held a networking event in London.

During the “mindxchange” session, several crypto leaders attended and discussed the barriers to adopting cryptocurrencies in the UK. The panelists, including Stephan Ifrah, CEO of NapoleonX, Jack Power, Founder of The Crypto Clubs, Pete Wood, CEO of CoinBurp, Gregpry Klumov, CEO and Founder of Stasis and Philipp Pieper, CEO and Co-founder of Swarm Fund, pointed out that a robust regulatory environment is the key to the next bull run in the digital assets market. As the adoption of blockchain technology is broadening in the UK and across the world, they call for prompt action to speed up the establishment of a suitable regulatory framework.
 
OKEx C2C trading supports Bitcoin (BTC), Tether (USDT), Ethereum (ETH), and Litecoin (LTC), traders are eligible to open an order with completion of KYC level 1 verification and be a designated merchant, followed by linking the account to a valid UK bank account and a valid mobile number.
 
“It has always been delightful to see the crypto community growing. The UK 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,” says Andy Cheung (pictured), Head of Operations of OKEx. “Despite the uncertainty on Brexit, we are still optimistic to the crypto market as this could be a new economic opportunity to both European Euro and British Pound.”

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