This announcement is for registered clients of Okcoin Europe and residents of France or the France Overseas Territories (collectively "France"). It does not apply to Okcoin clients from any other countries.
We are contacting you to let you know that Okcoin will no longer be available to residents of France.
We therefore request that you withdraw all your funds from your Okcoin account by 31 January 2024:
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If you have crypto assets in your Okcoin account, please withdraw them as soon as possible to any supported wallet
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If you have EUR in your Okcoin account, convert it into crypto via Okcoin's buy / sell function. After converting your EUR to crypto and please withdraw as soon as possible
What will happen to my Okcoin account after 31 January 2024?
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Beginning 31 January 2024, your Okcoin account will become withdrawals only account. Please withdraw your assets to any other supported exchanges or wallets of your choice.
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Deposits made after 30 January 2024 may not be automatically credited.
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If you do not withdraw your assets, Okcoin will charge a monthly maintenance fee starting on 31 January 2024:
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Asset Transfer: Your Trading account balances will be transferred to your Funding account, and your sub-account(s) balance(s) will be transferred to your main account, during which there may be temporary disruptions to the withdrawal function for such accounts.
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Conversion of Fiat to USDC: Between 01 February 2024 (00:00:01 GMT+8) and 02 February 2024 (23:59:59 GMT+8), Okcoin will perform a one-time conversion of all fiat assets held on the Okcoin platform to their equivalent value in USDC, based on the relevant market prices at the time of conversion.
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Monthly Fee: Thereafter, Okcoin will charge a monthly maintenance fee if you have a remaining balance, based on the fee schedule below:
TimeMaintenance fee05 February 202410 USDC (or its equivalence in other tokens)*05 March 202450 USDC (or its equivalence in other tokens)*
*Note: If there is zero or insufficient USDC in the Okcoin account, any shortfall will be charged by deducting the equivalent value from the token balance in the account which has the highest total value (i.e. quantity x current market price) at the time of fee deduction.
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We would like to thank you for your trust and support as a valued user of Okcoin. If you have any questions or need help migrating your account, please contact customer support at support@okcoin.com.
Important: This email is not an offer, solicitation, or invitation to participate in a transaction of any kind. This email is not intended to provide any financial advisory services to you, and Okcoin is not liable for any losses or liability relating to your ability or inability to access or use Okcoin's services.
OKX does not initiate contact with customers through unofficial channels/representatives or request that customers purchase and/or transfer tokens to specific accounts. Protect yourself from scams and non-traditional employment opportunities - verify communications and report suspicious activity.