OKCoin Brings Two Industry Vets Onboard Amid Global Expansion

World 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 international chief compliance officer, whereas Haider Rafique takes the function of worldwide chief advertising officer, mentioned an announcement supplied to Cointelegraph. 

OKCoin within the midst of growth

OKCoin has proven a number of growth efforts to date 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 worldwide scale, OKCoin offers a fiat on-ramp to crypto buying and selling for 184 nations presently, 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 e-mail. The updates relate to latest modifications in Japan’s regulatory necessities.    

The U.S. leads finance

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

Nonetheless in its early phases, Monroe-Coleman mentioned that the crypto area has important progress potential, pointing towards OKCoin as a method for extra individuals to become involved. 

With Bitcoin’s halving solely days away, Rafique mentioned OKCoin workforce evaluation has revealed quite a lot of new market members primarily based on web searches and social analytics. “What we’re seeing is a wave of recent buyers 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 going down throughout these unprecedented occasions. This might develop into a forcing mechanism that drives in new buyers into crypto markets.”

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