The global cryptocurrency landscape continues to evolve, and one of the latest developments comes from OKX, a leading digital asset platform, which has officially entered the Belgian market. As of November 26, OKX has launched both its self-custodial OKX Wallet and its regulated OKX Exchange services for users in Belgium—marking a strategic step in expanding its footprint across Europe.
This expansion allows Belgian crypto enthusiasts to access spot trading directly on a globally recognized platform, with enhanced functionality tailored to local needs. From seamless euro deposits to secure wallet management, OKX is positioning itself as a trusted gateway for Belgians exploring digital assets.
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Enhanced Access to Crypto Trading in Belgium
Belgian users can now engage in spot trading on OKX, leveraging a wide range of over 200 supported cryptocurrencies and more than 60 trading pairs denominated in euros. This level of accessibility empowers local investors to diversify their portfolios using familiar fiat currency while benefiting from competitive exchange rates and low transaction costs.
A key feature of this rollout is the integration of Bancontact, Belgium’s most widely used local payment method. Through this partnership, users can deposit and withdraw euros instantly and without fees—a significant advantage for those prioritizing speed, convenience, and cost-efficiency.
In addition to Bancontact, OKX supports cashless transactions via the Single Euro Payments Area (SEPA), enabling fast bank transfers across Europe. These payment integrations reflect OKX’s commitment to delivering a localized user experience that aligns with regional financial habits.
Regulatory Framework and Operational Structure
While OKX has not received direct regulatory approval from Belgian authorities, its services are offered through an EU-compliant entity based in Malta. Specifically, Okcoin Europe Ltd, registered in Malta and licensed by the Malta Financial Services Authority (MFSA) as a Virtual Financial Assets (VFA) Service Provider, oversees operations for Belgian customers.
Erald Ghoos, General Manager of OKX Europe, clarified the company’s legal standing:
“We have no regulatory approval, only a non-rejection for our activity in Belgium.”
He emphasized that OKX operates without a permanent establishment in the country, relying instead on its EU-regulated structure to serve users remotely. This model enables compliance with broader European standards while navigating the complexities of national-level crypto regulations.
This approach mirrors broader trends among international crypto platforms seeking to operate across diverse EU jurisdictions without establishing local subsidiaries in each country.
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Security, Verification, and User Trust
Security remains a top priority for Belgian investors, who tend to be conservative and risk-averse when it comes to financial decisions. According to Ghoos, “Belgian investors prioritize trust and security in their financial decisions. They favor stable investment options and are cautious about risks.”
To meet these expectations, OKX has implemented robust identity verification using Itsme, a widely trusted digital identification app used by millions in Belgium. This secure onboarding process ensures compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements while streamlining user access.
Once verified, users gain full access to the platform’s tools, including real-time market data, advanced trading interfaces, portfolio tracking, and secure asset storage through the non-custodial OKX Wallet.
Growing Crypto Adoption in Belgium
Despite regulatory caution, cryptocurrency adoption in Belgium is on a steady upward trajectory. Current data suggests that nearly 25% of the 11.8 million population already has some form of exposure to digital assets. Statista projects this user penetration rate will rise to 28% by 2028, indicating growing public interest and acceptance.
This trend is further supported by recent government actions aimed at investor protection. In March 2025, Belgium mandated that all cryptocurrency advertisements must include clear warning messages—similar to those seen in gambling promotions—to prevent misleading claims and safeguard consumers.
As Erald Ghoos noted, such measures “aim to enhance consumer awareness and protect potential investors from misleading promotions.” While these rules may slow mass adoption, they also contribute to a more informed and resilient investor base over time.
Strategic Expansion Across Europe
OKX’s entry into Belgium is part of a larger strategy to strengthen its presence across the European Union. Earlier in 2025, the platform announced the establishment of an EU regulatory hub in Malta, building on its Class 4 VFA license obtained in 2021. This hub serves as a central operational base for serving multiple European markets under a single regulatory framework.
By focusing on compliance-first expansion, OKX aims to build long-term trust with users and regulators alike—particularly important in a region known for stringent financial oversight.
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Frequently Asked Questions (FAQ)
Q: Is OKX legal in Belgium?
A: While OKX does not hold a specific license from Belgian regulators, it operates legally through an EU-regulated entity based in Malta. This allows it to offer services to Belgian users under EU financial frameworks.
Q: Can I deposit euros into my OKX account from Belgium?
A: Yes. Belgian users can deposit euros instantly and free of charge using Bancontact or through SEPA bank transfers.
Q: How do I verify my identity on OKX in Belgium?
A: You can complete verification using the Itsme app, a secure and widely adopted digital ID solution in Belgium.
Q: Does OKX offer a wallet for Belgian users?
A: Yes. The non-custodial OKX Wallet is available, allowing users to maintain full control over their private keys and digital assets.
Q: Are there trading fees on OKX for Belgian users?
A: Standard trading fees apply but are competitive and transparent. Users can reduce fees through volume-based tiers or holding OKB tokens.
Q: What cryptocurrencies can I trade on OKX in euros?
A: Over 60 trading pairs are available against the euro, including major coins like Bitcoin (BTC), Ethereum (ETH), and stablecoins such as USDT and USDC.
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Final Thoughts
OKX’s launch in Belgium represents more than just a new market entry—it reflects a growing alignment between global crypto platforms and European standards for security, transparency, and user protection. With strong payment integration, regulatory compliance, and a focus on user experience, OKX is well-positioned to capture the attention of cautious yet curious Belgian investors.
As crypto adoption continues to climb across Europe, platforms like OKX play a crucial role in bridging innovation with trust—offering tools that are not only powerful but also safe and accessible. For Belgians ready to explore digital assets, the path forward has never been clearer.