Crypto exchange OKEx launches THB and GBP OTC Trading

Malta-based crypto exchange OKEx has launched Thai Baht (THB) and British Pound (GBP) on its over-the-counter (OTC) trading platform.

According to the official release, the Thai Baht (THB) and British Pound (GBP) OTC trading markets currently support Bitcoin (BTC), USD Tether (USDT), Ethereum (ETH), and Litecoin (LTC).

"Thailand and the UK own the fastest growing crypto communities in the world. We see great potential in these two markets and want to support the needs there. Because of the increasing trading volume and number of traders in these two countries, we decided to launch the new THB and GBP trading services on our OTC trading platform,” said Andy Cheung, OKEx's Head of Operations.

OKEx OTC trading or fiat-to-cryptocurrency trading allows users to place orders with self-selected exchange rate and payment methods to buy or sell Virtual Financial Assets (VFAs) with fiat currencies and benefit from a low-volatility market and zero transaction fee.

The OTC trading platform has already been facilitating global digital assets trading with the Vietnamese Dong (VND) and Chinese Renminbi (CNY) fiat-to-cryptocurrency markets. The exchange said that it will add more currencies later this year.

“Wherever the market potential locates, we will expand to there. In 2019, you can expect more currencies will be supported on OKEx," Cheung added.

Last month, OKEx rolled out an instant messaging service on its OTC trading platform to facilitate better communications between buyers and sellers and further streamline the whole trading process.

OKEx said that it will host the OKEx OTC Network Launch events in Bangkok, Thailand on February 13, 2019 and London, UK in March respectively.