San Francisco, CA, October 20, 2020 – There has been recent press about Star Xu, OKCoin’s founder and a Director of the company, involved in an investigation process by authorities in the People’s Republic of China.
Firstly, we want to assure our customers and partners that OKCoin’s operations and services, including deposits, withdrawals, and trading are operating as normal. OKCoin is a US based entity with the management team and headquarters in San Francisco. We do not expect this ongoing investigation of one of our directors will have any material effect on OKCoin’s global business operations.
Secondly, providing transparency to our customers and partners is one of our core values and how we conduct our business. We will continue to monitor this situation closely and provide updates as necessary. Our team is available to answer any questions, please reach out to us through customer service or any of our social media channels.
OKCoin is a global, regulated cryptocurrency exchange that enables customers to easily transition between crypto and fiat currency with industry-low fees. OKCoin’s advanced features provide a reliable, secure and frictionless trading experience, supporting customers across 184 countries to trade Bitcoin, Ethereum, and more crypto assets using multiple currencies including the US dollar, euro, and Singapore dollar. OKCoin is a registered money services business (MSB) with the Financial Crime Enforcement Network (FinCEN). Headquartered in San Francisco, California, OKCoin has offices in Hong Kong, Singapore, Malta, and Japan.167