FAQs for EEA EURC Orderbook with Circle

What is launching?

OKX is launching a unified EUR order book that includes EURC. It brings EUR and EURC liquidity together to provide a simpler euro-denominated trading experience.

Where can users find the supported EUR and EURC pairs in the app and on the web?

In the app, switch to Exchange mode, open Spot, and select a EUR pair. On web, go to Trade > Spot and select a EUR pair.To choose your trading asset, select Trade with at the top of the trading screen, then choose either EUR or EURC.

What does a unified EUR order book mean?

It means that supported EUR and EURC markets share the same order book instead of operating as separate markets. This brings trading activity together while allowing users to trade and settle in the supported asset available to them.

Why does this matter for European traders?

For users who manage their portfolios in euros, the unified order book eliminates the need to route trades through USD-denominated pairs. This can simplify trading and make it easier to monitor activity and PnL in euro terms.

Is this just a new trading-pair listing?

No. This is not simply a new trading-pair listing. It changes the underlying market structure by bringing EUR and EURC liquidity together in a unified order book. The update is part of OKX’s broader effort to build products tailored to the needs of users in the EEA.

Can I convert EUR to EURC?

Yes. Eligible users can convert EUR to EURC at a 1:1 rate on OKX.

What is EURC?

EURC is a euro-denominated stablecoin issued by Circle. It is backed by euro-denominated reserves and designed to be redeemable 1:1 for euros.

What role does Circle play?

Circle is the issuer of EURC and an important partner in expanding access to euro-denominated digital money in Europe.

Who can access the unified EUR order book?

The unified EUR order book is available to eligible OKX users in all supported EEA jurisdictions.

Which trading pairs are supported?

Explore all available EUR and EURC pairs on app and web. Simply search for EUR or EURC to find the markets available to you. Availability may vary by region and change over time.

What fees apply?

Standard trading fees may apply based on your fee tier and the transaction you complete. Any applicable fees or charges are shown before you confirm a conversion or trade.

Are there any risks?

Yes. Crypto-assets, including stablecoins, involve risks. Prices and liquidity can change, and stablecoins may not always maintain their intended value. Review the relevant product information and risk disclosures before trading.