The global cryptocurrency exchange OKX has officially entered the Belgian market, launching its self-custodial wallet and trading platform to serve local users. As of November 26, Belgian residents can now access spot trading, seamless euro deposits and withdrawals, and a wide range of crypto conversion options through a regulated European entity—marking a significant step in OKX’s broader European expansion strategy.
This move aligns with growing crypto adoption across Europe and responds to increasing demand for secure, compliant, and user-friendly digital asset services in Belgium.
Expanding Access with Localized Financial Integration
OKX has enhanced its European footprint by enabling localized payment methods tailored to Belgian users. Through integration with Bancontact, Belgium’s leading domestic payment system, users can now deposit euros directly into their OKX accounts instantly—and at no cost.
Additionally, the platform supports cashless euro transactions via the Single Euro Payments Area (SEPA), allowing for fast and efficient fund transfers. These features lower entry barriers for new crypto users while offering experienced traders a frictionless onboarding experience.
To ensure compliance and security, user verification is conducted through Itsme, a widely trusted digital identification app used by millions in Belgium. This streamlined KYC process reinforces trust and simplifies access to crypto services without compromising regulatory standards.
Regulatory Framework: Operating Under EU Oversight
While OKX does not hold direct regulatory approval from Belgian financial authorities, it operates within the country through Okcoin Europe, a Malta-registered entity licensed by the Malta Financial Services Authority (MFSA) as a Virtual Financial Assets (VFA) Service Provider.
Erald Ghoos, OKX’s General Manager for Europe, clarified:
“We have no regulatory approval, only a non-rejection for our activity in Belgium.”
He emphasized that OKX delivers services from “a regulated entity within the EU, without any permanent establishment in Belgium.” This cross-border model leverages Malta’s Class 4 VFA license—granted in 2021—as part of OKX’s strategy to scale across Europe under a unified compliance framework.
This approach enables OKX to offer services in multiple EU markets while adhering to MiCA (Markets in Crypto-Assets) principles ahead of full regulation rollout across the bloc.
Meeting the Needs of Conservative Crypto Investors
Belgian investors are known for their cautious financial behavior. According to Ghoos, they “prioritize trust and security” and tend to favor stable investment vehicles over high-risk ventures. This behavioral insight has shaped OKX’s market entry strategy, focusing on transparency, regulatory alignment, and robust security protocols.
With an estimated 25% of Belgians already exposed to cryptocurrency—nearly 3 million people out of an 11.8 million population—the market presents substantial growth potential. Statista projects that user penetration could rise to 28% by 2028, driven by improved education, clearer regulations, and greater institutional involvement.
Comprehensive Crypto Services Tailored for Belgium
Belgian users now have access to a full suite of digital asset tools via OKX:
- Spot trading on hundreds of cryptocurrency pairs
- Over 200 supported cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and stablecoins
- 60+ trading pairs denominated in euros, facilitating local currency-based trading
- Non-custodial wallet functionality for full control over private keys
- Instant euro deposits via Bancontact and SEPA
- Free-of-charge transactions for domestic payments
The introduction of the OKX Wallet—a self-custodial solution—empowers users to manage their digital assets independently, enhancing privacy and reducing reliance on third-party custodians. This resonates strongly with users seeking greater autonomy over their financial data and holdings.
Strengthening Consumer Protection Amid Rising Adoption
In March 2025, Belgium introduced stricter rules for cryptocurrency advertising, requiring all promotional content to include clear risk warnings. This initiative aims to combat misleading claims and protect retail investors from speculative risks—a move welcomed by industry stakeholders committed to long-term sustainability.
OKX’s market launch reflects these values, prioritizing consumer education, transparent fee structures, and secure technology infrastructure. By aligning with national regulations and promoting responsible investing, OKX positions itself as a credible player in Belgium’s evolving digital finance landscape.
Strategic Growth Across the European Union
The Belgian launch is part of a larger strategic push by OKX to strengthen its presence across Europe. In June 2025, the exchange announced the establishment of an EU regulatory hub in Malta, centralizing compliance operations under its existing VFA license. This hub serves as the foundation for expanding into other EU jurisdictions using a scalable, regulation-first model.
By leveraging Malta’s progressive crypto regulatory environment, OKX can efficiently roll out services across borders while maintaining adherence to anti-money laundering (AML) and know-your-customer (KYC) requirements.
👉 Explore how OKX is shaping the future of compliant crypto trading in Europe.
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Frequently Asked Questions (FAQ)
Q: Is OKX regulated in Belgium?
A: OKX does not have direct regulatory approval from Belgian authorities but operates through Okcoin Europe, a Malta-based entity licensed by the Malta Financial Services Authority as a Virtual Financial Assets Service Provider. It offers services under EU cross-border provisions.
Q: Can I deposit euros into my OKX account from Belgium?
A: Yes. Belgian users can deposit euros instantly and free of charge using Bancontact or via SEPA transfers, making it easy to fund accounts in local currency.
Q: How do I verify my identity on OKX in Belgium?
A: Users complete verification through the Itsme app, a government-backed digital ID solution widely used in Belgium for secure online authentication.
Q: Does OKX offer a self-custodial wallet in Belgium?
A: Yes. The OKX Wallet is available to Belgian users, giving them full control over their private keys and digital assets without relying on third-party custody.
Q: Are there trading pairs available in euros?
A: Yes. OKX offers more than 60 trading pairs against the euro, enabling local currency-based trading for popular cryptocurrencies like BTC, ETH, and USDT.
Q: What security measures does OKX use for Belgian users?
A: OKX employs bank-grade encryption, two-factor authentication (2FA), withdrawal address whitelisting, and regular third-party audits to protect user funds and data.