EU and OKX Forge Ahead: Expanding Financial Horizons with New Licenses
by aria-crypto.com
March 12, 2025 at 17:20
EU and OKX Forge Ahead: Expanding Financial Horizons with New Licenses
Crypto exchange OKX, tagged as the third-largest exchange by market cap in the EU, has recently acquired a Markets in Financial Instruments Directive II (MiFID II) licensed firm in Malta. This strategic acquisition propels OKX Europe closer to offering regulated derivatives products across the European Economic Area, which includes all EU member states as well as Iceland, Liechtenstein, and Norway. The license, previously granted in January through a Markets in Crypto Assets (MiCA) approval in Malta, significantly strengthens their institutional offerings within the complex European regulatory environment. Further bolstering its regulatory stance, OKX has also secured additional MiFID and MiCA licenses, indicative of its proactive strategy to cater to both institutional and potential retail clients. This expansion places OKX in a strong position competitively, against other market players like Kraken and Coinbase, and showcases their commitment to adhering to stringent EU regulatory standards despite facing probes related to compliance and transparency. These developments mark a significant milestone in OKX's efforts to integrate more deeply into Europe's financial landscape while navigating the challenges of an evolving regulatory framework.
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