OKX plans to provide regulatory-compliant derivative products to institutional investors in the European Economic Area with a MiFID II license from the Malta Financial Services Authority (MFSA).
Strengthening Financial Compliance in Europe with MiFID II License
The MiFID II license OKX intends to acquire mandates compliance with regulatory standards for crypto derivatives and investment solutions. This license will facilitate collaborations with institutional investors in Europe and require transparent risk management mechanisms. OKX Europe CEO Erald Ghoos emphasized that this process will increase partnerships with top-tier financial institutions.
Expanding Corporate Services and Local Integration
OKX offers over 240 cryptocurrencies, 300 trading pairs, and 60 euro-based trading options in Europe, while also strengthening local banking integrations and payment systems. The platform provides users with local language support, currency display, and enhancements in customer service. Updates on the website and mobile application are optimizing user experience.
Future Prospects and Strategic Goals of OKX
Under MiFID II, the derivative products offered by OKX are expected to align with investor protection standards. The company aims to activate the licensed structure by the end of the fourth quarter of 2024, seeking a competitive edge in the European market. Current regulations are viewed as a step to accelerate the integration of the crypto market with traditional financial systems.
With the acquisition of the MiFID II license, OKX aims to strengthen its position in Europe by providing advanced financial solutions and expanding opportunities for institutional investors.
