Join the BitcoinNews Telegram channel for daily updates >>LINK

OKEx and Malta Stock Exchange to Launch OKMSX Crypto Exchange by Q1 2019

OKEx and Malta Stock Exchange to Launch OKMSX Crypto Exchange by Q1 2019

Support free writers: > send a tip

written by

OKEx, which is among the top 3 cryptocurrency exchanges in the world by trading volume alongside Binance and Huobi, is partnering with the Digital and Fintech arm of Malta Stock Exchange Holdings to create a new crypto exchange called OKMSX. A memorandum of understanding was signed between the parties on 19 July 2018. Plans will be finalized by Q3 2018, and by Q1 2019 OKMSX will launch worldwide.

The Chief Risk Officer and Head of Government Relations for OKEx, Tim Byun, says “Malta is taking the helm of regulating the blockchain technology and cultivating a regulated cryptocurrency and ICO epicenter. This 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 believe OKMSX will be a milestone in the economic development of Malta”.

OKMSX will be an institutional grade platform to trade cryptocurrencies that are classified as securities, which includes most initial coin offering (ICO) cryptocurrencies. Essentially, OKMSX will combine the regulatory and compliance expertise of the Malta Stock Exchange with OKEx’s cryptocurrency trading infrastructure and security. This combination will allow institutional investors to trade cryptocurrencies in a fully regulated environment.

The Chairman of the Malta Stock Exchange, Joseph Portelli, says “Malta is on the cusp of becoming a center of excellence within the global digital innovation landscape. We are thrilled to be teaming up with OKEx, a leader in the digital currency sector, to leverage our expertise on the compliance and regulatory front to truly be a trailblazer within the security token sector”.

Indeed, Malta is branding itself as ‘Blockchain Island’, and has made headlines recently due to top crypto exchange Binance moving some of its operations to Malta. Binance has already obtained a fiat bank account in Malta, which is something it wasn’t able to do anywhere else and is already using that fiat bank account to launch Binance Uganda with plans for many more fiat to crypto exchanges worldwide. Binance’s CEO, Changpeng Zhao, says the Maltese government is very favorable towards crypto and blockchain companies.

Silvio Schembri, who is a member of the Maltese Parliament and Junior Minister of the Prime Minister’s Office for Financial Services, Digital Economy, and Innovation says “Today Malta opened up a way for legally binding listing and trading of tokenized securities. We are proud of Malta Stock Exchange to enter a partnership with a worldwide leader in primary offerings on blockchain such as OKEx. I look forward to the fruitful collaboration in the future”.

OKMSX represents another addition to the infrastructure that will facilitate the entrance of institutional investors into the crypto space, especially when combined with cryptocurrency custodian solutions. Many cryptocurrency experts think institutional investors will spark the next big crypto rally once infrastructure and regulations are firmly established.

Follow on Twitter at @BitcoinNewsCom

Telegram Alerts from at

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


The Tragedy of Fiat Money

Over the course of the last 18 years, the European Central Bank (ECB) printed new currency, multiplying money supply by more than 5 times, bringing it to 1308 billion. Here we discuss whether or not the central bank’s actions could be considered a robbery.

Read More »


Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter


This Month on Bitcoin News

Press Releases

Bitcoin News Archive

Support Bitcoin News - Explore Our Shop: