KEY TAKEAWAYS
- OKX secures a MiCA license, becoming the first global exchange to offer regulated crypto services across Europe.
- The MiCA license allows OKX to expand its offerings to over 400 million people in the EEA, enhancing access to crypto products.
- OKX aims to set a new standard for crypto regulation, prioritizing customer safety and transparency in the digital finance sector.
- The platform will leverage the MiCA passporting feature to operate in all 30 EEA member states, ensuring broad accessibility.
OKX has become the first global cryptocurrency exchange to secure a Markets in Crypto-Assets Regulation (MiCA) license, a significant milestone announced here. This development allows OKX to offer fully regulated crypto products and services across Europe through its European Economic Area (EEA) hub in Malta.
The MiCA license enables OKX to expand its offerings to over 400 million people in the EEA, providing access to its exchange, self-custody wallet, and other core services. OKX plans to utilize the passporting feature of the MiCA law, which permits businesses licensed in one EU country to operate in others under a unified regulatory framework.
Impact of MiCA License on Crypto Services
The MiCA license opens up new opportunities for crypto enthusiasts in Europe. OKX will offer regulated access to over 240 cryptocurrency tokens and more than 260 trading pairs, including 61 euro-crypto pairs. This regulatory approval ensures secure connections to trusted banks for deposits and withdrawals, enhancing the safety and reliability of operations in the region.
OKX will also provide local-language product offerings and customer support, along with local currency displays. A team of local experts will organize community events and support users in their crypto journey. Customers in the region can deposit and withdraw euros for free through bank transfers and purchase crypto using cards and other local payment methods.
Setting a New Standard for Crypto Regulation
The MiCA license represents a gold standard for crypto regulation, setting a global benchmark. Europe’s progressive approach to digital finance prioritizes customer safety and transparency, positioning the region as a key driver in the global digital economy. OKX aims to become the leading digital asset platform in Europe under this regulated framework.
With the passporting feature, OKX will expand from Malta to all 30 EEA member states, making crypto trading and investing more accessible. The platform is designed for reliability, offering 99.99% uptime, Proof-of-Reserves for transparency, and unmatched liquidity.
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