The global cryptocurrency exchange OKX has officially entered the Belgian market, launching its self-custody wallet and trading platform to serve local users. This strategic expansion marks a significant step in OKX’s broader European growth strategy, offering Belgian investors secure, compliant, and user-friendly access to digital asset services.
As of November 26, OKX has opened its services to Belgian residents through the rollout of the OKX Wallet and OKX Exchange, enabling seamless crypto trading and financial management. The move aligns with rising crypto adoption across Europe and responds to increasing demand for trusted platforms that prioritize security and regulatory compliance.
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Expanding Access with EU-Compliant Infrastructure
While OKX is not directly regulated by Belgian financial authorities, its services are delivered through a fully regulated European entity. The platform operates via Okcoin Europe, a Malta-registered company licensed by the Malta Financial Services Authority (MFSA) as a Virtual Financial Assets (VFA) service provider under its Category 4 license—granted in 2021.
Erald Ghoos, OKX’s European General Manager, clarified:
“We do not have regulatory approval in Belgium, but our activities have not been rejected. We operate from a regulated entity within the EU, without any permanent establishment in Belgium.”
This cross-border model allows OKX to provide services across multiple EU jurisdictions while adhering to strict AML/KYC standards and data protection regulations under GDPR. By leveraging its Maltese license, OKX ensures compliance with EU-wide frameworks without requiring individual country approvals.
Seamless Euro On-Ramps for Belgian Users
One of the standout features of this launch is the integration of Bancontact, Belgium’s most widely used local payment system. This enables users to deposit and withdraw euros instantly and free of charge, significantly lowering barriers to entry for new crypto investors.
Additionally, OKX supports deposits and withdrawals via SEPA (Single Euro Payments Area), the EU’s standardized system for cashless euro transactions. SEPA integration allows fast, low-cost bank transfers across Europe, making it easier for Belgians to move funds between traditional banks and their crypto accounts.
These on- and off-ramp solutions enhance liquidity and convenience, especially for retail investors who value speed, cost-efficiency, and familiarity with local banking tools.
Secure Identity Verification Through Itsme
To ensure compliance with anti-money laundering (AML) regulations, OKX uses Itsme, a trusted Belgian digital identity verification app. Millions of Belgians already use Itsme for secure online authentication across banking and government services.
By integrating Itsme into its KYC process, OKX streamlines user onboarding while maintaining high security standards. Traders can verify their identity quickly and begin using the platform with confidence—knowing their personal data is protected through a locally recognized system.
This alignment with national digital infrastructure underscores OKX’s commitment to building trust within the Belgian market.
Understanding the Belgian Crypto Landscape
Belgium presents a unique opportunity for crypto platforms due to its tech-savvy population and growing interest in digital assets. According to Statista, cryptocurrency user penetration is projected to reach 25% in 2024, with expectations to grow to 28% by 2028.
With a population of approximately 11.8 million, this translates to nearly 3 million Belgians already exposed to or actively using cryptocurrencies.
However, Belgian investors tend to be cautious. As Ghoos noted:
“Belgian investors are generally conservative, prioritizing trust and security in financial decisions. They lean toward stable investment options and approach risk with caution.”
This risk-averse behavior means platforms must emphasize transparency, regulatory alignment, and robust security to gain user confidence—a challenge OKX appears well-positioned to meet.
👉 See how OKX combines security and ease-of-use for cautious investors like those in Belgium.
Regulatory Environment: Transparency Over Hype
Belgium has taken proactive steps to protect consumers from misleading crypto promotions. In March 2024, the country mandated that all cryptocurrency advertisements must include clear warning labels about investment risks.
As Amitabh Bachchan (a spokesperson referenced in policy discussions) stated:
“This initiative aims to raise consumer awareness and protect potential investors from misleading marketing.”
Such regulations reflect a broader European trend toward responsible innovation—balancing openness to fintech advancements with strong investor safeguards. For compliant platforms like OKX, these rules create a level playing field and help build public trust.
Strategic Growth Across Europe
OKX’s entry into Belgium is part of a larger plan to strengthen its presence across the European Union. The exchange already holds a VFA license in Malta, which serves as its EU regulatory hub. This license permits OKX to offer crypto trading, custody, and related services throughout the bloc under passporting rights.
The company continues to invest in localized features, language support, and regional partnerships—signaling long-term commitment beyond mere market entry.
With over 200 cryptocurrencies available for trading, including 60 EUR trading pairs, OKX offers one of the most diverse asset selections in the region. Users can trade major coins like Bitcoin (BTC), Ethereum (ETH), and stablecoins such as USDT and EURT, all with tight spreads and high liquidity.
Moreover, the self-custody OKX Wallet gives users full control over their private keys—empowering them with true ownership while still allowing direct access to exchange services.
Why This Matters for European Investors
- Greater choice: More platforms mean better competition in fees, features, and user experience.
- Enhanced security: Regulated entities reduce counterparty risk.
- Local relevance: Euro-denominated trading pairs and payment methods improve usability.
- Financial inclusion: Crypto offers alternative investment avenues beyond traditional markets.
👉 Start your journey with a platform designed for security-conscious European users.
Frequently Asked Questions (FAQ)
Q: Is OKX regulated in Belgium?
A: No, OKX does not hold direct regulatory approval from Belgian authorities. However, it provides services through Okcoin Europe, a company licensed by the Malta Financial Services Authority (MFSA), allowing it to operate legally across the EU under MiCA-aligned rules.
Q: Can I deposit euros into my OKX account from Belgium?
A: Yes. You can deposit euros instantly and free of charge using Bancontact or via SEPA bank transfers.
Q: How do I verify my identity on OKX in Belgium?
A: OKX uses Itsme, a widely trusted Belgian digital ID app, for secure and fast identity verification during registration.
Q: Are there risks involved in using a crypto exchange like OKX?
A: Yes. While OKX implements strong security measures, cryptocurrency investments are inherently volatile. Users should only invest what they can afford to lose and consider using self-custody wallets for long-term holdings.
Q: Does OKX offer customer support in Dutch or French?
A: While full multilingual support details aren’t specified, OKX provides English-language customer service and is expanding local language capabilities across Europe.
Q: Can I trade stablecoins pegged to the euro on OKX?
A: Yes. OKX supports several euro-pegged stablecoins, including EURT, providing stability for traders looking to minimize volatility.
By combining regulatory compliance, local payment integration, and user-centric design, OKX is positioning itself as a leading choice for Belgian crypto enthusiasts. As digital asset adoption continues to rise across Europe, platforms that blend innovation with responsibility will lead the next phase of growth.