The Malta Blockchain Summit as one of the most anticipated events in crypto, began yesterday and over 5,000 delegates were expected. The event featured the Blockchain Awards Ceremony, Crypto Cruise, ICO Pitch, and a Hackathon.
The awards ceremony was meant to honor companies, experts, as well as leaders that have significantly contributed to the development of blockchain technology in Malta. Consequently, OkEx emerged as the winner after being nominated alongside Binance and Bitbay.
These awards are particularly gratifying as they reflect a vote of confidence from industry leaders, who recognize our ongoing efforts. Like we said, we dare to innovate and will keep pushing the limits of what is possible.
Like Binance, OKEx digital asset exchange was founded in 2017 and it offers trading services to global traders. That being the case, customers in over 100 countries trade on this platform. There are 400 tokens supported by OKEx and futures trading pairs have been put in place to enable investors to optimize their strategies.
This exchange has investors such as Giant Network Group, Longling Capital, Ceyuan Ventures, Qianhe Capital Management and eLong Inc. who have contributed over $30 million. The company even claims that its BTC futures trade has a daily volume of almost $1.5B which is considered as the gold standard for the industry.
In April, OkEx met with the Maltese government and regulatory leaders to understand their legislative and regulatory plans. It later announced that it will be expanding to Malta, Europe. Today, Malta is a place where you’ll find several crypto companies and even a top cryptocurrency exchange like Binance, who followed suit in September.
The same goes for BitBay who moved to Malta after facing a banking blockade in Poland. With this development, more companies are expected to expand to Malta because of the crypto-friendly regulations set up by the Maltese government. The government’s support to cryptocurrency and Blockchain technology is in a bid to turn the region into a blockchain hub.
It can be expected that this will lead to an economic growth in this region and other industries like the hospitality sector are also bound to be positively affected by the relocation of these foreign companies.