OKX Secures MiCA License, Expands Regulated Crypto Services Across Europe

OKX secures MiCA license, offering regulated crypto services to 400M+ Europeans, enhancing security, innovation, and user accessibility across EEA.

OKX, a global leader in blockchain technology, has become the first international exchange to secure a Markets in Crypto-Assets Regulation (MiCA) license. Following this significant accomplishment, OKX is in a position to deliver compliant and region-specific cryptocurrency services to its European user base of more than 400 million people. OKX will operate its entire EEA business network through its Malta hub.

This wide scope of services that OKX delivers functions under the MiCA framework because of this licensing approval. European users benefit from platform accessibility due to more than 60 trading pairs that operate using euros. The platform OKX works towards improved user interaction by providing language options based on location as well as local monetary representation and specialized support services.

Users from Europe registered with OKX benefit from free euro withdrawals and deposits when using bank transfer options. Users can easily purchase cryptocurrencies on the platform by making payments with their trusted local banking cards including debit and credit cards. These innovative features improve both convenience and security in crypto trading services for European users.

OKX Combines Innovation with Regulation Through MiCA License

OKX Europe CEO Erald Ghoos described the MiCA license as an essential milestone for the company’s ambition to lead worldwide in crypto-related services. According to him Europe demonstrates increasing strength as a blockchain technology and digital assets center through the MiCA framework which lays industry growth groundwork.

On January 23, OKX received MiCA pre-authorization. This step paved the way for its full license approval. The MiCA license permits OKX to operate its regulated services from Malta throughout the entire network of 30 EEA member states thanks to its “passporting” rule. A consistent regulatory approach through this initiative allows expanded user access throughout the entire region while streamlining their compliance requirements.

OKX selected Malta as its base because of the combination of strong technology infrastructure with advanced regulation standards. Each factor ensures full compatibility with the company’s dedication to developing innovative products which operate with high confidence. OKX provides a Basic Exchange for newcomers and Advanced Exchange capabilities for skilled traders while their Wallet remains both secure and accessible for everyone.

OKX stands as the second-largest crypto exchange by trading volume and delivers constant service with 99.99% uptime along with Proof of Reserves for transparency and offers users highly liquid trading pairs. The MiCA license brings OKX to the forefront of European regulated crypto service providers while maximizing possibilities for market innovation and adoption.