OKCoin - Definition from the Hotspot Shield Encyclopedia
OKCoin is a Bitcoin company that operates in China, being based in Beijing. OkCoin's main areas of business include a Bitcoin exchange and a mobile app that allows consumer payment and lending. OKCoin is the largest Bitcoin business operating in China with a reported volume of 16 million Bitcoins per month, and its exchange is the largest in the world.
The exchange facilitates Chinse Yuan to Bitcoin transactions, and its international exchange facilitates US Dollar to Bitcoin transactions. The business was created in 2013 and received a major amount of funding from investment companies and venture capital businesses. While OKCoin is mainly concentrated on the Chinese market, it has outlined future plans for expansion into the global market.
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