OKX, a popular cryptocurrency exchange, has received pre-authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation. This milestone, granted by the Malta Financial Services Authority (MFSA), marks the end of a rigorous assessment procedure and paves the way for the exchange to get a full MiCA license.
Gaining pre-authorization on January 22 brings OKX closer to launching regulated bitcoin services in Europe. Using its Malta-based hub, the company intends to provide access to over 240 cryptocurrency tokens and more than 260 trading pairs, including euro-based options. Over-the-counter trading, spot trading, and bot trading will all be available, expanding the options for retail and institutional investors.
OKX has stressed its dedication to compliance and innovation, with Europe CEO Erald Ghoos declaring that the platform aspires to be the go-to option for digital asset services in Europe. The Malta hub, which is known for its rigorous regulatory environment, will play an important role in ensuring users have a secure and transparent trading experience.
OKX plans to “passport” its services to all 30 European Economic Area (EEA) member states once it obtains the full MiCA license. MiCA legislation enables enterprises licensed in one EU country to operate seamlessly in others under a unified framework.
OKX’s platform will provide localized features for European users, such as language options, currency displays, and region-specific customer service. Users will benefit from free euro deposits and withdrawals via bank transfers, as well as the opportunity to buy cryptocurrency with trusted payment methods such as cards.
The exchange’s development demonstrates its dedication to offering secure and creative solutions in the rapidly changing crypto market. OKX, which serves over 60 million customers globally, combines centralized and decentralized exchange platforms to ensure stability with a 99.99% uptime rate and transparent proof-of-reserve features.
OKX has chosen Malta as its MiCA center, aligning with the country’s comprehensive regulatory framework and excellent technological infrastructure. OKX, the world’s second-largest exchange by trading volume, is well-positioned to boost digital asset adoption in Europe while adhering to the strictest regulatory standards.
This milestone not only shows OKX’s long-term ambition, but it also demonstrates Europe’s proactive attitude toward cryptocurrency legislation. MiCA has established a global standard for transparency and security, positioning OKX to revolutionize the crypto trading experience for millions of customers.
