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Cryptocurrency exchange will open a division in Malta, The second crypto exchange after Binance in terms of trading volume, announced the opening of an office in Malta.

As noted in the blog, the company is in dialogue with the government of Malta. Representatives of the trading platform are convinced that the opening of a new division on the territory of this island state will lay the Foundation for further development of OKEx’s business.

“We look forward to working with the Maltese government, whose progressive approach has much in common with our values, the most important of which are: protecting traders and the General public, meeting AML/KYC standards, and recognizing innovation and the importance of further developing the blockchain ecosystem,” said CEO Chris Lee.

Representatives of also stressed the importance of the Maltese law on virtual financial assets, calling it a “solid Foundation” for the further development of the crypto industry.

Earlier, the opening of an office in Malta was announced by the largest crypto exchange Binance.