OKX has taken a significant step in its European expansion by acquiring a Markets in Financial Instruments Directive (MiFID II) license, which, upon regulatory approval, will enable the platform to launch derivative products and services for institutional clients across the region, according to the press release.
On March 12, during a VIP event on Manoel Island, Malta, Europe CEO Erald Ghoos announced that OKX is committed to robust security and transparency. This follows OKX becoming the first global crypto exchange to obtain a full Markets in Crypto-Assets (MiCA) license, enabling the company to offer localized products and services in 28 European Economic Area (EEA) markets through passporting.
With the MiFID II license, OKX aims to expand its institutional offerings, complementing its existing services, including over-the-counter (OTC) trading, spot trading, and bot and copy trading.
OKX now supports over 240 cryptocurrency tokens and 300 trading pairs, including 60 Euro-based pairs. The platform has introduced derivatives for institutional clients tailored to local regulations. It also offers a secure user experience with local language support and European customer assistance. Euro deposits and withdrawals via bank transfers are fee-free, and customers can purchase crypto using cards and other local payment methods.
Ghoos reiterated that responsible expansion remains a top priority, focusing on meeting compliance standards while offering seamless Know Your Customer (KYC) processes and additional payment options. OKX plans to strengthen its European community presence through local events, collaborations with opinion leaders, and brand initiatives featuring well-known creators as part of its growth strategy.
Notably, OKX has obtained a full license under the EU’s Markets in Crypto-Assets Regulation (MiCA) from the Malta Financial Services Authority, allowing it to offer regulated crypto services across the European Economic Area. The platform plans to expand its offerings to include over-the-counter (OTC) trading, spot trading, and automated bot trading while enhancing user experience with localized language options and customized interfaces.
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