OKCoin Exchange Invests in Crypto Custody Firm Prime Trust

Cryptocurrency exchange OKCoin has invested an undisclosed amount in crypto custody provider Prime Trust. In a note sent to customers on Wednesday, Prime Trust CEO and chief trust officer Scott Purcell said that the firm has closed a “nice” funding round that was led by the California-based exchange. Other participants in the round included Gateway Blockchain Partners, Novablock Ventures and Xsquared Ventures, Purcell said, adding: “We aren’t disclosing details though.” Notably, Prime Trust serves as OKCoin’s fiat gateway. The exchange announced last week that it has added a new payment…

OKCoin is Attracting Institutional Customers With ‘Premier’ Crypto Service

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. OKCoin is consistently one of the top exchanges by adjusted volume. The exchange announced late yesterday its Premier program, which is aimed at institutional and high-volume clients. They’re targeting traders…

OKCoin Founder Buys Controlling Share in Hong Kong-Listed Firm in $60+ Mln Deal

Star Xu, founder of exchange services provider OKCoin and the world’s second-largest crypto exchange OKEx, has bought a controlling share in a Hong Kong Stock Exchange-listed firm for  around $60 million. The deal was disclosed by the acquired firm, LEAP Holdings Group, on Jan. 23. Following the deal’s completion on Jan. 14., OKCoin’s parent firm OKC Holdings Corp. became the controlling shareholder in LEAP Holdings — a Caymans Island-incorporated construction engineering firm, which is listed on the Hong Kong Stock Exchange (HKEX). Having purchased roughly 3.2 billion shares at HK$0.15…

OKCoin Founder Buys Hong Kong-Listed Firm in $60 Million Deal

Mingxing “Star” Xu, the founder of cryptocurrency exchange OKCoin, has become the largest individual shareholder of a public company listed in Hong Kong via a $60 million acquisition. LEAP Holdings Group, the construction engineering firm acquired, announced the competed deal on Wednesday. OKC Holdings Corp, the parent company of OKCoin, purchased about 3.2 billion shares of the company for HK$0.15 (around $0.02) per share to achieve the takeover, it said. OKC Holdings is now the largest shareholder of LEAP Holdings, owning 60.49 percent of its stock and having the same percentage of…

OKCoin Founder Star Xu Seeks to Acquire Public Firm for $60 Million

Star Xu, the founder of cryptocurrency exchange OKCoin, may be seeking a possible backdoor IPO for his firm by buying a majority stake in a Hong Kong-listed company. On Jan. 10, Xu (under his real name Xu Mingxing) filed with the Hong Kong Stock Exchange (HKEX) for approval to buy a 60 percent stake in a construction engineering firm called LEAP Holdings Group Ltd. Through his company OKC Holdings Corp., Xu is aiming to purchase approximately 3.2 billion shares of the company for HK$0.15 (around $0.02) per share. In total, the acquisition,…

OKCoin Lists Tron Cryptocurrency, Claims it’s not a Security

OKCoin CEO Tim Byun OKCoin is adding Tron to its crypto exchange today. Not to be confused with OKEx, which is a futures platform founded by the same people, OKCoin primarily focuses on traditional swaps and allows for bank deposits. Importantly, OKCoin serves US customers while OKEx does not. Tron is Not a Security CCN spoke to Tim Byun, CEO of OKCoin, about the decision to list Tron. CCN wonders what considerations OKCoin makes when listing new tokens. First of all, Byun said, regulations are very important. OKCoin does not…

Decentralized Exchange Concludes $15 Mln Funding Round Supported by Huobi and OKCoin

Decentralized cryptocurrency exchange BHEX Exchange has concluded a $15 million funding round with support from major exchanges like Huobi and OKCoin, according to a press release shared with Cointelegraph Nov. 29. Per the release, BHEX’s new round of funding was conducted with participation from leading industry players, including Huobi Global, OKCoin, and Genesis Capital, among others. BHEX’s investment subscription has purportedly attracted over 70 investment institutions, while Blue Helix selected 40 to participate in the first round of investment. Apart from digital asset exchange, the company provides custody and clearing…

OKCoin Adds the Argentine Peso as It Eyes Expansion Into Latin America

Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina. Already active in 110 countries and 21 U.S. states, OKCoin USA CEO Tim Byun told Bitcoin Magazine that he is not worried about market volatility as they launch on a new continent: “Overall, we are very bullish on the cryptocurrencies markets throughout the world and in Latin America in particular. The growth might not be perfectly…

Crypto Exchange OKCoin Expands to Latin America & Opens Fiat Market

Twitter Facebook LinkedIn Popular cryptocurrency exchange OKCoin has recently revealed, through a press release shared with CCN, that it expanded to the Latin American market, with a platform that’s set to let users trade top cryptocurrencies against local fiat currencies. According to the release, OKCoin’s expansion to Latin America comes after it became a fully licensed platform to operate in the region. Initially, it will allow users in Argentina to deposit Argentine pesos (ARS) to the platform, which can then be traded with top cryptos like bitcoin, bitcoin cash, ethereum,…

Crypto Exchange OKCoin Expands Trading to 20 More U.S. States

Digital currency exchange OKCoin has announced its expansion of token-to-token trading into twenty new U.S. states, according to a statement published September 12. Per the announcement, OKCoin has extended trading services to the states of Alaska, Arizona, Colorado, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, Tennessee, Texas, Utah and Wisconsin. Jim Nguyen, Vice-President of Marketing at OKCoin, stated in the blog post that the exchange collaborated with regulators in each state in order to comply with both federal and state laws. OKCoin CEO…