. . World News – UK – OKCoin To Be First US Exchange To List STX Tokens, Announces Lot 2. 0 start partnership

With OKCoin, STX holders can earn Bitcoin rewards on OKCoin by supporting the Stacks network via’ Stacking ‘

SAN FRANCISCO, Dec. . Sep. 9, 2020 / PRNewswire / – OKCoin, the global, U. . S.. . The licensed fiat-focused crypto-asset exchange today announced the upcoming listing of Blockstacks Stacks tokens (STX) on Stacks 2. 0 Mainnet start expected 14. January. OKCoin is the first exchange in the U. . S.. . to support the trading of STX as non-securities and to enable OKCoin users to an imminent drop of STX tokens. See stx for more information. okcoin. com.

This listing announcement follows Blockstack PBC, which was released on Jan.. December published a summary of a legal memorandum supporting plans for STX to cease to be collateral under U.. S.. . Law after the start of the stacks 2. 0 blockchain. This follows a unique Reg A SEC-qualified token offering from Stacks and a simultaneous strategic round for Asia in September 2019, in which 23 million. USD were collected.

When starting stacks 2. 0 mainnet, OKCoin customers in the US and international markets (except EU, Singapore and Brunei) can buy and trade STX on OKCoin as well as earn Bitcoin by tying their STX to the network and actively participating in the consensus – a process known as « Stack ». OKCoin makes this a simple and seamless experience for all STX holders through their OKCoin wallet, allowing users to join with one-click and pool options for users who have less than the minimum amount of STX required to participate.

« We are very excited to be the first US regulated exchange to list Stacks Cryptocurrency (STX) after launching their mainnet, » said Hong Fang, CEO of OKCoin. « Our two teams have a lot in common: We share a deep passion for building a user’s own Internet and a strong belief in the Bitcoin network as the foundation for this future. OKCoin was launched to give people control of their own financial lives and assets, while the Stacks ecosystem wants to do the same for user data. Providing compliant and easy fiat on ramp access for investors to STX plays an important role in fueling the STX ecosystem to shape the future this industry aspires to. « 

« This is an unprecedented moment for Stacks’ cryptocurrency as US markets open to decentralization with the new legal framework, » said Muneeb Ali, CEO and co-founder of Blockstack PBC. « OKCoin was the perfect solution to be the first to list STX in the U.. S.. . OKCoin is a top exchange for fiat on ramps. Your efforts to build a responsible digital currency financial ecosystem are closely tied to our own commitment to complying with regulations and promoting the maturity of the industry. « 

The Stacks community and OKCoin are working together to promote compliance, user protection and the general maturation of the industry. OKCoin plays a key role in helping STX complete its historic compliance journey, giving U. S.. . First time buyer access to the secondary market on STX as non-securities for the first time. In addition to some of the lowest fees in the industry and direct fiat-to-crypto pairs for traders, OKCoin will also act as a one-stop shop for the Stacks ecosystem, allowing STX holders to participate in the novel stacking feature, new way to safely earn bitcoin.

The executive summary is a memorandum from Blockstack PBC’s independent external securities advisor, Wilson Sonsini Goodrich & Rosati, PC (WSGR), and describes how the expected change in status will enable U.. S.. . Individuals who trade stacks tokens on non-stock exchanges. As one of the largest and most widely used digital asset exchanges, OKCoin’s commitment to compliance, as well as a willingness to explore an asset with a unique path through securities regulation like STX, is invaluable to the entire industry.

OKCoin is planning an STX airdrop around the start of Stacks 2. 0 mainnet. Interested users can join the waiting list for the STX Airdrop at stx. okcoin. com. Regardless, Blockstack PBC and OKCoin will work together on STX marketing campaigns and events until launch. More information about the stacks 2. 0 start events will be shared in the coming weeks – interested parties can register with stacks2. com.

About OKCoin Created in 2013, OKCoin is a global cryptocurrency exchange regulated in the United States. S.. . and other areas of operation that allow customers to easily switch between cryptocurrency and fiat currency with industry-standard fees. OKCoin advanced features provide a reliable, safe and smooth trading experience, helping customers in 184 countries trade Bitcoin, Ethereum and other crypto assets in multiple currencies, including US dollars, euros and Singapore dollars. OKCoin is a registered money services company (MSB) with the Financial Crime Enforcement Network (FinCEN). . OKCoin is headquartered in San Francisco, California and has offices in Hong Kong, Singapore, Malta and Japan.

About Blockstack PBC / Hiro Systems PBCBlockstack PBC, soon to be ‘Hiro Systems PBC’, is a unit within the Stacks ecosystem that is dedicated to building a user’s own Internet on Bitcoin. Hiro will focus on providing tools for developers to create secure apps and smart contracts on Bitcoin using the soon-to-be-launched Stacks 2. 0 blockchain. The new blockchain design opens up innovations for Bitcoin for the first time via proof-of-transfer, a new type of consensus mechanism. Stacks’ cryptocurrency was distributed to the general public, among other things, via the first SEC-qualified token offering in US history.

Blockstack PBC is headquartered in NYC with employees and community members around the world and is supported by Union Square Ventures, Y Combinator, Lux Capital, Naval Ravikant, and SV Angel. Blockstack PBC also ran token offerings totaling 70 million. USD to boot the Stacks ecosystem.

OKCoin, Blockstack PBC, Cryptocurrency Exchange, Bitcoin, First Coin Offer