OKX has expanded its services to 28 EEA countries after securing a MiCA license from Malta’s MFSA, enabling regulatory compliance across Europe.
OKX, a cryptocurrency exchange, said on February 18 that it now does business in 28 European Economic Area (EEA) countries after getting a Markets in Crypto-Assets (MiCA) license.
The Malta Financial Services Authority (MFSA) gave OKX this regulatory approval, which means that its services can be used anywhere in Europe under the same rules.
Erald Ghoos, CEO of Okx Europe, emphasized the significance of this achievement, stating:
We now offer fully regulated, localized crypto services to over 400 million people in 28 EEA countries, all through our European hub in Malta.
“Whether you’re in France, Germany, Spain, or any of the other Member States, you now have access to our cutting-edge crypto products with local payment methods and currency options,” he added. With this license, Okx aims to provide a secure and accessible crypto trading experience tailored to European users.
As part of its move into Europe, OKX has added regional services to make the experience better for users. There are now over 240 cryptocurrencies available on the platform, with more than 300 trading pairs, including 60 pairs based on euros.
The platform also allows spot trading, bot trading, and over-the-counter (OTC) trading. European users can use bank transfers to enter and withdraw euros for free, and they can use debit and credit cards and other local payment methods to buy crypto.
OKX’s move into the EEA is in line with its plan for global growth. The exchange joined seven onshore markets and got four new licenses and registrations in 2024. Now that OKX is in line with MiCA, it strengthens its standing as Europe’s top regulated crypto platform.
Other exchanges, like Bitpanda in Austria, which got its license from Germany’s Federal Financial Supervisory Authority (BaFin), and Crypto.com, which got its license from authorities in Malta, have also gotten MiCA licenses.
These events show that more and more markets are getting permission from regulators to provide legal services across Europe.
