Crypto Exchange OKEx Now Supports Vietnamese Dong For C2C Trading

Announcements, News | November 14, 2018 By:

Malta-based cryptocurrency exchange OKEx has announced that its Customer-to-Customer (C2C) trading system is now supporting Vietnamese Dong (VND).

Created in 2017, OKEx’s C2C trading system allows user to buy and sell cryptocurrencies, such as bitcoin, using fiat with a peer without the need of a centralized trusted third party such as an exchange. The platform processes trading transactions with zero fees. In order to avoid real life meet ups among traders and to hedge related risks, OKEx is planning to introduce market makers to facilitate the exchanges.

Andy Cheung, OKEx’s Head of Operations, said that the addition of the VND on the company’s C2C trading system is in response to the growing popularity of cryptocurrencies in Vietnam.

“In view of this, we are actively looking ways to serve the Vietnamese community, Cheung said. “By supporting VND, we are able to provide an additional trading solution for our traders and boost the expansion of the blockchain ecosystem in Vietnam.”

OKEx, currently the largest crypto exchange by trade volume, moved to Malta earlier this year and signed a memorandum of understanding (MoU) with the Malta Stock Exchange (MSE) to create a new institutional grade security-tokens trading platform. In September, the company announced that it will be offering token-to-token only trading in the US after receiving Money Transmittal Licenses (MTL) from 20 states.