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Crypto exchange OKEx adds support for Vietnamese Dong to C2C trading market

Nov 14, 2018 04:24 am UTC

OKEx, the world’s largest cryptocurrency exchange in terms of 24-hour trading volume, has added a fiat currency, Vietnamese Dong (VND), to its C2C trading market on November 12, 2018.

In addition to Chinese Yuan (CNY), OKEx’s C2C platform now supports Vietnamese Dong (VND), allowing users to buy and sell digital assets with VND at one stop.

Explaining the reasons for adding VND, Andy Cheung, OKEx’s Head of Operations, said that they observed a significant growth in the use of cryptocurrencies in Vietnam, as well as a strong demand for trading service.

“In view of this, we are actively looking ways to serve the Vietnamese community. By supporting VND, we are able to provide an additional trading solution for our traders and boost the expansion of the blockchain ecosystem in Vietnam.” Cheung said.

OKEx’s C2C, also known as customer-to-customer, is an exchange platform which allows their users to buy and sell digital assets, such as Bitcoin and Ethereum, directly with each other. In order to eliminate in-person trading and hedge related risks, a Market Maker (merchants) scheme was introduced to facilitate transactions.

In OKEx’s C2C trading market, both buyers and sellers can enjoy a faster and safer trading experience with zero transaction fee.

Earlier this year, OKEx re-domiciled to Malta and is currently in the process of establishing OKMSX, a joint-venture security token exchange by OKEx and Malta Stock Exchange. It was recently presented with the Crypto Exchange of the Year 2018 award at the Malta Blockchain Awards held on October 31, 2018, during the Malta Blockchain Week.

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