Second Largest Cryptocurrency Exchange OKEx is moving to Malta Island of Blockchain

malta blockchain ico crypto

According to a press release published 12th April by OKEx – Malta, which recently passed regulatory legislation on Initial Coin Offerings, cryptocurrencies, and Blockchain in the hope of becoming a cryptocurrency-friendly Island of Blockchain is making way for one of the biggest crypto exchange OKEx to the country.

Crypto exchange Binance, which is the largest crypto exchange in the world when it comes to volume of trade, also made a report that they intended to open an office in Malta after they got a warning from the regulators in Japan. They made this report at the end of last month.

WhalePanda, a Twitter persona and crypto trader tweeted early hours of Thursday morning about the move of OKEx to Malta. In the tweet, WhalePanda said that Malta is getting crowded.

SEE ALSO:   Bytecoin (BCN) has been listed on CoinDeal exchange

Island of Blockchain

A few months ago (February to be precise), Malta published a document titled “Malta – A leader in Distributed Ledger Technology Regulation” – they did this as part of their plan to make their country a center of attraction for blockchain as well other crypto-related businesses.

They also anticipated the establishment of some regulation supporting organizations, such as the Virtual Currencies Bill (VCB) and Malta Digital Innovation Authority Bill (MDIAB). After meeting with the regulators of Malta regarding the crypto framework regulatory, OKEx wrote in their press release that they have confidence in the approach of the government of Malta and they have agreed to make Malta a solid foundation for the growth of OKEx.

SEE ALSO:   The SEC's View Regarding Bitcoin and Ether May Be Bad News for Investors After All 

Chris Lee, the CEO of OKEx made a statement on how he looks forward to working with the government of Malta and how this partnership can yield great results and improve the development in the ecosystem of Blockchain.

OKEx is the second largest crypto exchange in the world by twenty-four hours trading volume. It is currently trading over $1.5 bln in a period of twenty-four hours.


Legal Disclaimer: The content of this website ( is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from

SEE ALSO:   John McAfee To Stop the Promotion of ICOs After SEC Threats

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!

Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!