OKCoin Brings Two Industry Vets Onboard Amid Global Expansion

Global crypto alternate, OKCoin, has added two new members to its prime bass — Haider Rafique, Blockchain.com’s former head of progress, and Megan Monroe-Coleman, Coinbase’s earlier compliance govt.

Megan Monroe-Coleman comes on board because the outfit’s world chief compliance officer, whereas Haider Rafique takes the function of world chief advertising and marketing officer, mentioned a press release supplied to Cointelegraph. 

OKCoin within the midst of enlargement

OKCoin has proven a number of enlargement efforts so far in 2020. The alternate introduced in former Goldman Sach’s employees, Hong Fang, as CEO in early March. On the identical time, the entity’s former CEO transitioned right into a authorities relations function. 

Headquartered in San Francisco, OKCoin additionally gained FinCEN regulatory licensing, whereas pushing ahead with state-specific approvals. At a world scale, OKCoin supplies a fiat on-ramp to crypto buying and selling for 184 international locations at the moment, the assertion mentioned.    

Catering to the world’s second largest crypto buying and selling inhabitants, OKCoin gained up to date licensure in Japan roughly two months in the past, permitting the alternate to supply buying and selling within the nation starting in July, Monroe-Coleman advised Cointelegraph by way of electronic mail. The updates relate to latest modifications in Japan’s regulatory requirements.    

The U.S. leads finance

“The U.S. is in fact the chief marketplace for monetary establishments and companies,” Monroe-Coleman mentioned, circling again to North America. OKCoin appears to be like to develop its crypto area involvement, partly by its fiat forex choices and entry on the alternate. 

Nonetheless in its early levels, Monroe-Coleman mentioned that the crypto area has vital progress potential, pointing towards OKCoin as a manner for extra folks to get entangled. 

With Bitcoin’s halving only days away, Rafique mentioned OKCoin workforce evaluation has revealed numerous new market individuals based mostly on web searches and social analytics. “What we’re seeing is a wave of recent traders studying about ‘Bitcoin halving’ in context of quantitative easing and associated key phrases,” he mentioned, including:

“I believe it is fascinating that the third Bitcoin halving is happening throughout these unprecedented instances. This might turn into a forcing mechanism that drives in new traders into crypto markets.”

Because the crypto area expands, OKCoin just isn’t alone it its fiat crypto alternate choices and enlargement. India, for instance, just lately noticed a new fiat exchange pop up after the nation eliminated its digital asset ban.