Key Notes

Key Notes:

OKX has secured a full MiCA license, allowing it to expand its crypto services across all 28 EEA member states.The exchange plans to provide localized services, including multilingual support, local currency displays, and region-specific customer assistance.OKX has chosen Malta as its European base, following in the footsteps of Crypto.com.

Cryptocurrency traders within the European Economic Area (EEA) can now buy and sell digital assets like Bitcoin BTC $96 656 24h volatility: 1.3% Market cap: $1.92 T Vol. 24h: $17.95 B , Ethereum ETH $2 769 24h volatility: 5.0% Market cap: $333.82 B Vol. 24h: $18.23 B , Solana SOL $173.2 24h volatility: 3.3% Market cap: $84.70 B Vol. 24h: $2.58 B , and Ripple’s XRP XRP $2.58 24h volatility: 1.7% Market cap: $149.55 B Vol. 24h: $2.25 B directly on OKX without regulatory concerns. According to an announcement on Tuesday, the exchange has secured a full Markets in Crypto-Assets (MiCA) license, allowing it to “passport” its services across all 28 EEA member states.

The milestone comes just a few weeks after OKX received a MiCA pre-authorization license in January, setting the stage for its European expansion. At the time, the company stated that it was working toward full authorization to extend its services to over 400 million potential users across the region.

OKX has now completed the process to become fully compliant under the MiCA framework, making it the second cryptocurrency exchange to achieve full MiCA authorization in Europe this February.

Last week, Crypto.com announced that it had met all regulatory requirements to offer its full suite of products and services across the EEA.

Like Crypto.com, OKX has chosen Malta as its European headquarters. While the company did not disclose specific reasons for selecting Malta over other countries, the nation is well known for its openness to technological innovation and blockchain adoption.

From its Maltese base, OKX will offer users access to spot trading, over-the-counter (OTC) services, bot trading, and derivatives markets. The exchange currently supports more than 240 cryptocurrencies and offers up to 60 euro-based trading pairs.

As a MiCA-compliant platform, OKX aims to tailor its products and services to regional preferences. The company plans to introduce localized features, including multiple language options on both its app and website, local currency displays, and dedicated customer support in various languages to enhance user experience.

To celebrate its regulatory milestone, OKX is offering users free euro deposits and withdrawals via bank transfers. Users can fund their accounts using bank cards, providing an added layer of convenience.

OKX described the MiCA license approval as a “massive milestone” in its broader mission to bring crypto trading to a global audience. The firm sees its European expansion as a crucial step toward ensuring users can trade digital assets with confidence on a fully regulated platform.

With Europe now secured, OKX plans to continue expanding its presence in other regions across the globe. The company revealed that in 2024, it launched seven onshore markets and secured four new regulatory licenses and registrations, across different markets. According to OKX, the move reinforces its commitment to regulatory compliance worldwide.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.

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