OKX has achieved pre-authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA), marking a significant milestone in its expansion across Europe.
This development, announced in a press release on January 23, 2025, paves the way for the crypto exchange to deliver localized crypto services to a potential market of over 400 million people in the region, with its Malta hub serving as a central base for its operations.
Upon obtaining full MiCA licensing, OKX plans to offer a range of regulated products, including OTC trading, spot trading, and bot trading, supporting over 240 tokens and 260 trading pairs. The exchange stated in its announcement that it would offer features with localized options such as multi-language support, customized currency displays, and Euro-based trading in order to cater to all 30 European Economic Area (EEA) member states.
Erald Ghoos, CEO of OKX Europe, emphasized the significance of MiCA pre-authorization in reinforcing the exchange’s commitment to providing a fully regulated digital asset platform for both retail and institutional customers. He also commended Malta’s regulatory framework for setting global standards of thoroughness and reliability.
OKX President Hong Fang highlighted the EU’s progressive stance on cryptocurrency regulation, positioning MiCA as a global benchmark for customer safety, security, and financial innovation.
The MiCA regulations went into effect in December 2024. The rules are expected to standardize cryptocurrency laws across Europe, enhancing investor protection and fostering market transparency. Many crypto services providers like Binance have begun to take steps to comply with the framework.
Notably, OKX’s milestone follows a similar achievement by the Boerse Stuttgart Group. The Group’s crypto-focused subsidiary recently announced it is now the first service provider in Germany to obtain an EU-wide MiCA license. CEO Matthias Voelkel stated that the license will expand the company’s offerings, accelerate its digital business growth across the region, and solidify Germany’s position as a leader in the European crypto landscape.
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