Cryptocurrency Trading Platform OKcoin Expands to Miami – Commercial Observer

The Sunshine State is starting to appear extra just like the Crypto State.

A brand new cryptocurrency buying and selling platform referred to as OKcoin introduced it will open an workplace in Miami, marking the San Francisco-based firm’s seventh international workplace.  

The platform, which lets customers purchase and promote cryptocurrencies, says it’ll result in 100 jobs with its transfer.

“Looking ahead to becoming a member of the tech/crypto group @FrancisSuarez & the remainder of MIA are creating,” the corporate tweeted. 

OKcoin joins a number of different crypto exchanges which have introduced Miami expansions or relocations, corresponding to Blockchain.com, FTX, and eToro. Even actual property is getting its pores and skin in on the sport, with condos accepting cryptocurrency as fee for a purchase order.

“Our new Miami location is a strategic growth that allows us to meet the fast improve in Latin American cryptocurrency adoption whereas additionally complementing Mayor Suarez’s dedication to making town a hub for know-how growth,” Hong Fang, CEO of Okcoin, mentioned in a statement.

OKCoin additionally signed on as the primary cryptocurrency sponsor of ShellHacks, Florida’s largest annual hackathon.

The occasion, held in late September, is hosted by a scholar group at Florida International University and often counts greater than 1,000 members. Cryptocurrency conferences are in style in Miami as properly, with greater than 50,000 guests hitting town streets for Miami’s Bitcoin convention in June, regardless of a rash of coronavirus instances

“We are enthusiastic about Okcoin’s dedication to native expertise and the innovation ecosystem, and their lively company presence will assist us open extra monetary {and professional} doorways for our residents,” Miami Mayor Francis Suarez mentioned in a press release. 

OKcoin can be itemizing a city-based cryptocurrency referred to as MiamiCoin that may be traded on OKcoin’s platform.

OKcoin didn’t instantly reply to a request for remark.

Celia Young will be reached at [email protected].

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