OKX has become one of the first cryptocurrency exchanges to receive a MiCA license, allowing it to expand services in the European Economic Area and reach over 400 million users.
What is MiCA License and its Importance for OKX
The MiCA (Markets in Crypto-Assets) license allows OKX to operate across 28 countries in the European Economic Area. With this license, OKX boosts its credibility and reliability in the European market.
Expansion of OKX Services in Europe
The exchange plans to establish a European hub in Malta, providing a secure platform for various trading services. Users can access over 240 cryptocurrencies and 60 euro trading pairs, with local payment options available.
Future Plans and Industry Significance
OKX aims to provide localized services and has actively participated in industry discussions to enhance its compliance framework. The license acquisition marks the outcome of over a year of adapting policies and transforming products.
Obtaining the MiCA license marks a significant milestone for OKX in expanding their reach in Europe, affirming their leadership in the crypto market.
