Okcoin

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Okcoin is a cryptocurrency exchange founded by Star Xu in 2013.[1][2][3][4][5][6]The CEO of Okcoin is Hong Fang, the COO is Jason Lau, and CMO is Haider Rafique.[7][8] [9][10][11][12][13] The exchange is based in San Francisco, California in the United States. Okcoin is a subsidiary of and operated by Ok Group which also owns crypto exchange OKEx.[14][15][16][17][18]

History

Crypto entrepreneur Changpeng Zhao worked at Okcoin as the chief technology officer from June 2014 through February 2015.[19][20]

In 2014, the company received around $10 million of Series A funding from investment institutions and venture capitalists.[21]

In March 2021, the company launched support for Lightning Network.[22]

In June 2021, Okcoin became the first United States-based exchange to integrate Ethereum scaling solution Polygon.[23] Also, Okcoin filed to close the company's Beijing office amidst China's crackdown on crypto mining.[24]

In July 2021, the company chose financial technology player Worldpay, Inc. from FIS to provide global merchant acquiring and foreign exchange services.

In August 2021, Okcoin became the first crypto exchange to list Miami's cryptocurrency called MiamiCoin.[25] The company also announced it would open an office in Miami.[26][27] In addition, the company got regulatory approval to operate in Malta and the Netherlands.[28]

References

  1. ↑ articles, Full Bio Nathan Reiff has been writing expert; Investing, News About Financial Topics Such as; trading; cryptocurrency; ETFs; Reiff, alternative investments on Investopedia since 2016 Learn about our editorial policies Nathan. "What Is OKCoin?". Investopedia. Retrieved 2021-06-15.
  2. ↑ "New Crypto Consortium Seeks to Alleviate Liquidity Problems". www.bloomberg.com. Retrieved 2021-06-15.
  3. ↑ "Bitcoin price suddenly crashes amid 'death cross' fears - latest". The Independent. 2021-06-21. Retrieved 2021-06-21.
  4. ↑ Chawaga, Peter. "OKCoin Awards Latest Developer Grant To Marco Falke". Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides. Retrieved 2021-06-21.
  5. ↑ CoinDesk, Contributor Sebastian Sinclair. "Star Xu Surfaces From Detention as OKEx's Mystery Key Holder Also Returns". www.nasdaq.com. Retrieved 2021-06-21. {{cite web}}: |first= has generic name (help)
  6. ↑ "Chinese Crypto Mogul Emerges After Probe That Forced OKEx Halt". au.finance.yahoo.com. Retrieved 2021-06-21.
  7. ↑ "The fundamentals for crypto haven't really changed: Okcoin CEO". finance.yahoo.com. Retrieved 2021-06-15.
  8. ↑ "OKCoin CEO Hong Fang Shares What It Is Like to Be a Woman in Crypto". CoinDesk. Retrieved 2021-06-15.
  9. ↑ "A lot of speculation in the market: Okcoin CEO on crypto sell-off". CNBC. 2021-05-19. Retrieved 2021-06-15.
  10. ↑ "Crypto Exchange OKCoin Appoints New CEO to Drive US Expansion". CoinDesk. 2020-03-06. Retrieved 2021-06-15.
  11. ↑ "Institutions are thrilled that you're selling, suggests OKCoin COO". Cointelegraph. Retrieved 2021-06-15.
  12. ↑ "Dogecoin To List On OKCoin Next Week In A 'Testament' To Meme Crypto's 'Legitimacy'". Benzinga. 2021-04-21. Retrieved 2021-06-21.
  13. ↑ Saro, Matthew De (2021-08-04). "CityCoins Announces Launch of MiamiCoin With First Exchange Confirmed". Entrepreneur. Retrieved 2021-08-06.
  14. ↑ "OK Group launches blockchain talent development scheme". CoinGeek. 2020-06-21. Retrieved 2021-06-21.
  15. ↑ "OK Group to invest $140M in blockchain development in China". CoinGeek. 2019-12-03. Retrieved 2021-06-21.
  16. ↑ "The OKEx Drama Exposes a Weakness in Crypto Market Infrastructure". CoinDesk. 2020-10-18. Retrieved 2021-07-19.
  17. ↑ "OKEx Review: Pros, Cons, and More | The Ascent by Motley Fool". The Motley Fool. 2021-07-26. Retrieved 2021-08-06.
  18. ↑ "Okcoin unveils rewards for users to make money on crypto holdings". VentureBeat. 2021-08-23. Retrieved 2021-09-02.
  19. ↑ Ambler, Pamela. "From Zero To Crypto Billionaire In Under A Year: Meet The Founder Of Binance". Forbes. Retrieved 2021-07-19.
  20. ↑ "Changpeng Zhao (CZ) CTO of OkCoin Resigns". Cointelegraph. Retrieved 2021-07-19.
  21. ↑ "Crypto-currency Trading Platform OKCoin Gets $10 Million Series A Financing Led by Ceyuan · TechNode". TechNode. 2014-03-18. Retrieved 2021-07-19.
  22. ↑ "OKCoin Launches Lightning Network, Hands Out New Developer Grant". CoinDesk. 2021-03-04. Retrieved 2021-06-15.
  23. ↑ "Polygon (MATIC) – Recent developments to watch out for". Stocks Telegraph. 2021-06-07. Retrieved 2021-06-15.
  24. ↑ "OK Group to Work With Nanjing Police on Anti-Money Laundering Blockchain". CoinDesk. 2021-07-12. Retrieved 2021-07-19.
  25. ↑ "Miami Launches 'MiamiCoin' to Make Millions and Fund the Police". www.vice.com. Retrieved 2021-08-06.
  26. ↑ August 24, Celia Young; Pm, 2021 5:49 (2021-08-24). "Cryptocurrency Trading Platform OKcoin Expands to Miami". Commercial Observer. Retrieved 2021-09-02.{{cite web}}: CS1 maint: numeric names: authors list (link)
  27. ↑ "Okcoin Announces 'ShellHacks' Hackathon Sponsorship and New Miami Office". BeInCrypto. 2021-08-25. Retrieved 2021-09-02.
  28. ↑ "Okcoin secures regulatory approval in Malta and the Netherlands". Cointelegraph. Retrieved 2021-08-06.

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