Which country is the OKCoin exchange located in? Can it be used in China?

OKCoin Exchange is a trading platform based in Malta and not available in mainland China. The reasons for its withdrawal from mainland China include regulatory pressure, business adjustments and user security considerations.

OKCoin Exchange’s Country Attribution and Usage in China

OKCoin Exchange’s Country Attribution

OKCoin Exchange is a digital asset trading platform registered in Malta. It was founded in China in 2013 and later moved to Malta in 2017.

Usage of OKCoin Exchange in China

OKCoin Exchange will cease all operations in mainland China starting from October 2021. As a result, Chinese users can no longer use the OKCoin exchange to trade digital assets.

Reasons

There are many reasons why OKCoin exchange stopped providing services in mainland China:

• Regulatory pressure:The Chinese government has implemented a series of strict digital asset regulatory measures, including prohibiting digital asset exchanges from providing services to Chinese users.
• Business adjustment: OKCoin Exchange decided to shift its business focus to the international market to adapt to the changing regulatory environment.
• User Security: OKCoin Exchange believes that ceasing services in mainland China will help protect the asset security of Chinese users from increasing cyber attacks and fraud.

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