Crypto

OKX Opens Fully Regulated Crypto Exchanges in Germany and Poland

15 hours ago
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  • OKX launches fully regulated crypto exchanges in Germany and Poland under MiCA and MiFID II frameworks.
  • The platform offers 270+ assets, local UI, SEPA support, and spot trading with euro pairs.

OKX’s aggressive move has again stolen the spotlight, this time with the launch of two fully legal crypto exchanges in Germany and Poland. Starting June 17, 2025, users in both countries will be able to directly access more than 270 digital assets—including 60 crypto pairs that can be traded with euros.

What’s interesting is that all of these services are available in local languages, with customized interfaces, and supported by the euro payment system through SEPA.

OKX Goes Local While Staying Global in EU Expansion

Not only that, OKX also ensures that its operations are running in accordance with MiCA and MiFID II regulations, which have recently become increasingly the benchmark throughout the European Union. This is no small matter, because the two regulations are known to be quite strict, even making many platforms think twice before expanding.

Even so, OKX seems to see a gap there. They are ready to fight earlier than some of their competitors who are still waiting for the green light from regulators.

In the middle of the launch, OKX also appointed Moritz Putzhammer and Gabriel Manduca as General Managers for the Central and Eastern Europe region. Erald Ghoos, who leads OKX Europe, emphasized that they wanted to bring a service that feels local, but remains global in scale. It feels like fast food, but the ingredients are from local farmers.

Big Shifts Behind the Scenes of a Major Launch

While this major expansion is still hotly discussed, OKX has taken another step that is a bit of a frown. On June 16, the day before the European launch was announced, they announced that they would remove eight altcoin pairs from spot trading starting June 20, 2025. Names like ALCX, BORA, and XNO are on the list.

Deposits have been stopped since the announcement, and withdrawals will also be limited. While some projects hope to enter a major exchange, some have had to say goodbye first.

However, there is also other interesting news coming from another side of their business. CNF previously reported that in April, OKX had partnered with Standard Chartered to launch a “collateral mirroring” program targeting financial institutions.

This program allows large institutions to use crypto or even tokenized money market funds as collateral for trading. In simple terms, OKX is trying to bridge the gap between the traditional money market and the digital world full of surprises.

Furthermore, in late April, OKX and Mastercard announced a partnership to launch the OKX Card. This card is not just any card. Through collaborations with Circle, Nuvei, and Paxos, the card supports payments with stablecoins like USDC and USDP at global merchants. Imagine buying your morning coffee with USDC—it feels like the future is upon us, but in wallet form.

Source: https://www.crypto-news-flash.com/okx-opens-fully-regulated-crypto-exchanges-in-germany-and-poland/