- OKX secures MiCA license, offering regulated crypto services to 400M users across Europe.
- MiCA’s passporting enables OKX to expand services to all 30 EEA member states seamlessly.
- OKX to provide 240+ cryptocurrencies, 60+ euro trading pairs under strict EU regulatory compliance.
OKX has secured a full MiCA license, enabling it to expand its cryptocurrency products and services in the European Economic Area. OKX being the first major crypto exchange to receive this certification in 2025 will use the MiCA framework to expand on the accessibility and safety of users in the European market.
This comes after OKX has received the MiCA license from the Malta Financial Services Authority (MFSA), which allows the exchange to provide OTC trading, spot trading, and bot trading from the Malta office. This multi-asset license includes more than 240 cryptocurrency tokens and over 260 trading pairs with a focus on euro-crypto pairs.
Advancing Crypto Accessibility and Compliance
OKX’s acquisition of the MiCA license marks a pivotal step in expanding crypto services to a broader European audience. This strategic move is poised to streamline operations across all 30 EEA member states, utilizing the “passporting” feature inherent to MiCA regulations. Passporting allows entities registered in one EU country to offer their services across other member states without additional licensing, thereby simplifying regional expansion efforts.
Erald Ghoos, OKX Europe CEO, stated that this regulatory achievement underscores the platform’s commitment to compliance and innovation within the European blockchain space. The license not only facilitates a secure and regulated trading environment but also ensures that OKX can provide localized support and services tailored to meet the diverse needs of European users.
Setting a New Standard in Crypto Regulation
The adoption of MiCA is considered a positive move towards building a single regulatory structure across Europe. The framework seeks to bring certainty and confidence to the crypto business and consumers by emphasizing on important principles such as transparency, customer protection, and operational resilience. As OKX leads the way, the crypto industry moves toward a future where properly regulated operations will enhance the confidence and usage of customers.
In addition to enhancing user experience, OKX’s compliance with MiCA regulations sets a new benchmark for the industry. The platform’s ability to offer a range of crypto services under a unified regulatory standard exemplifies how strategic compliance can serve as a foundation for sustainable growth and innovation in the digital asset space.
OKX’s plans for expanding its operations under the MiCA license are set to transform the landscape of cryptocurrency trading in Europe. By aligning with regulatory standards, OKX not only reinforces its commitment to security and transparency but also enhances its capacity to engage with a growing European audience eager to explore the potentials of the crypto economy.