This week, cryptocurrency exchanges Bybit and OKX announced the launch of new regulated platforms in Europe, aligning with the Markets in Crypto-Assets Regulation (MiCA).
Launch of Bybit.eu
Bybit.eu has begun operations with a license to provide crypto asset services to users in the European Economic Area (EEA). The Austria-based operations cover 29 EEA countries under the new MiCA rules.
Launch of OKX in France
OKX has also announced the launch of its fully regulated platform in France, highlighting the importance of this market. OKX Europe CEO Erald Ghoos called this a significant step in their European expansion.
Impact of MiCA on the Crypto Market
MiCA, which came into effect on December 30, 2024, standardizes crypto asset regulation across the EU and allows licensed firms to operate in any EEA country without needing additional approvals. This creates favorable conditions for crypto services in the region.
The launch of the new platforms by Bybit and OKX signifies the intensification of the crypto industry in Europe under the new MiCA regulation, which may lead to significant changes in the market.
