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OKCoin

OKCoin

OKCoin is a digital asset trading platform providing spot trading services between the US dollar, Euro, and Japanese yen as flat currencies, and Bitcoin, Litecoin, Ethereum and other digital assets to customers around the globe.

History

OKCoin was founded by CEO Star Xu in 2013 and has raised US$10 million in investments from Ceyuan Ventures, Mantra Capital, Ventures Lab and other notable private investors including Silicon Valley investor Tim Draper. From December 2014 until May 2015 OKCoin managed the domain bitcoin.com, and stopped due to a dispute with the domain-owner, Roger Ver. As of August 2016, OKCoin was the largest Bitcoin exchange in the world with a volume of over 16,000,000 Bitcoins per month. In February of 2017, OKCoin and Huobi, the two largest Bitcoin exchanges in China, were flagged by the People’s Bank of China for operating a trading platform without appropriate Know Your Customer (KYC) and Anti-Money Laundering (AML) systems. In April 2017, OKCoin stopped accepting the US dollar. In the same month OKcoin joined Bitfinex in freezing wire transfers, citing ‘issues’ with intermediary banks. In May 2017, OKCoin, were accused of using idle clients funds to make investments in “wealth management products“ which are often high-yielding and risky. In September 2017, OKCoin announced that it would stop Yuan-to-Bitcoin trading by the end of October. On May 23, 2015, OKCoin made public a contractual dispute the company was having with Roger Ver over the management rights to the domain name "bitcoin.com."

Timeline

Patents

Further Resources

Title
Author
Link
Type
Date

OKCoin USA Will Issue Chinese Yuan Stablecoin, Says CEO Star Xu - Bitcoinist.com

Wilma Woo

Web

News

Title
Author
Date
Publisher
Description
Omar Faridi
July 9, 2021
Crowdfund Insider
Bitcoin upgrade Taproot now locked in, should support significantly cheaper and more private, fungible BTC transactions: Report
Omar Faridi
April 28, 2021
Crowdfund Insider
Dogecoin (DOGE) Now Available for Trading on Digital Asset Exchange OKCoin. DOGE may not be traded in the EU, UK, Singapore, Brunei.
OKCoin
December 9, 2020
www.prnewswire.com:443
/PRNewswire/ -- OKCoin, the global, U.S. licensed, fiat-focused crypto asset exchange, today announced the upcoming listing of Blockstack's Stacks token (STX)...
Omar Faridi
November 27, 2020
Crowdfund Insider
BTCPay Server expands its ability to bring Bitcoin's (BTC) values to digital commerce with Shopify integration.
Omar Faridi
November 25, 2020
Crowdfund Insider
Recent Bitcoin (BTC) consolidation might have helped XRP surge 80%, Ethereum (ETH) also up 25% in 72 hours: report.
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References

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