OKX secures MiCA pre-authorization, expanding crypto services across Europe with secure, user-friendly trading options and advanced regulatory compliance.
OKX, the second-largest cryptocurrency exchange, has reached an important milestone. It stands as the first Virtual Financial Assets exchange to secure Markets in Crypto-Assets Regulation (MiCA) pre-authorization. This step enables OKX to grow its operations throughout all European markets.
OKX wants to deliver personalized crypto offerings to 400 million users after getting the full MiCA license approval. After securing a full license OKX will run all its crypto solutions from its Malta EEA base. The license enables OKX to run its operations throughout all 30 member states of the EEA with a single set of regulations.
The MiCA license will enable users to access different types of trading services namely spot trading bot trading and OTC trading. OKX will offer users trading options between 240 digital currencies across 260 pairs plus 60 trading pairs denominated in euros. European users will find it easy to navigate the platform thanks to language choices they understand and currency selections that fit their needs.
MiCA’s main advantage allows businesses move freely from one EU nation to market their services across all member states. A single EU country license under MiCA licenses lets businesses operate throughout all EU member states. OKX will make crypto trading easier for European users by using this system throughout Europe.
MiCA Approval Strengthens OKX Presence in European Crypto Ecosystem
OKX maintains a reliable platform through top-notch technology that runs 99.99% of the time and lets users see Proof of Reserves to track their assets. Users can move euros from their bank accounts to and from their accounts at no cost. Customers can buy cryptocurrency quickly through their bank cards and regional payment options.
The exchange selected Malta as its hub due to the country’s comprehensive regulations and advanced tech facilities. The Malta Financial Services Authority (MFSA) awarded OKX a Class 4 VASP license as their main regulator.
OKX offers many products designed for different customer needs. The Simple Exchange is for new users while Advanced Exchange serves professional traders. Crypto enthusiasts can access all their digital currency features through an extensive Wallet system.
OKX processes over 60 million accounts at its crypto platforms around the world as its trusted network expands. It achieves a big milestone with MiCA pre-authorization to reach more customers across Europe. It protects users while making cryptocurrency accessible to millions of people all around the world.
Ultimately, the move proves OKX’s promise to deliver advanced cryptocurrency solutions that align with European rules.
Source: https://www.livebitcoinnews.com/okx-becomes-first-vfa-exchange-to-get-mica-pre-authorization/