OKEx and Malta Stock Exchange operated trading platform OKMSX to attain regulatory approval from MFSA in Q4 – Cryptocurrency News

OKMSX has achieved regulatory approval from the Malta Financial Services Authority (MFSA). The firm is a digital asset trading platform operated jointly by the Malta Stock exchange and OKEX. OKMSX is expected to come into action by the Q1 of 2020.

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.”

Ryan Asher
Ryan Asher
A post-graduate in business administration from Rutgers University, Ryan love to express his thoughts in writing. Ryan entered the crypto space by selling his car back in 2013 and investing the money into bitcoin. Apart from writing, Ryan loves to travel and believes that bitcoin is helping him fulfill his dream of traveling across the world.

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