OKMSX, the trading platform set to launch in the first quarter of 2020, is most likely to obtain regulatory approval in the Q4 of 2019. OKEx and Malta Stock Exchange jointly operate the network.
OKMSX will be featured on the Prospects MTF ecosystem, which is a multilateral trading facility, also regulated by the MSE. It helps the small and medium-sized firms to raise funds up to Euro 8 million. OKMSX has been under development for one year and is now approaching its final development stage. The announcement of its expected launch was carried out on the occasion of the first anniversary of OKEx’s relocation to Malta in July 2019.
Andy Cheung, head of operations at OKEx, had stated:
“The joint venture marks our confidence in the Maltese government as well as our commitment to providing an efficient, secure, and transparent blockchain trading environment to clients worldwide. We are excited as it is finally happening in 2020.”