Story Highlights
- OKX acquires MiFID II firm to expand regulated derivatives in Europe.
- MiFID II license enables OKX to offer secure institutional trading.
- MiCA license allows OKX to deliver localized crypto services.
OKX Europe has taken a significant step toward expanding its services in the European market. The exchange obtained a Markets in Financial Instruments Directive II (MiFID II) license through its recent acquisition. With this acquisition, OKX can provide regulated derivative products throughout all European Economic Area member states. Operations at the company will start only when the MFSA provides its final licensing agreement.
OKX has purchased this entity to create a connection between digital assets and traditional financial operations. The license establishes secure trading possibilities for institutional clients active in 30 EU member states. Erald Ghoos, the OKX Europe CEO, underlined that regulatory compliance stands as the top organizational priority. The approval enhances OKX’s European operations and demonstrates its dedication to maintaining secure and innovative services.
OKX achieved the landmark of becoming the first global crypto exchange to receive a full Markets in Crypto-Assets (MiCA) license in recent times. MiCA licenses enable the company to deliver localized services to 28 European Economic Area markets. The implementation of MiFID II allows OKX to introduce regulated derivatives to its product range.
OKX Secures MiFID II License to Strengthen Crypto Accessibility
The European user base of the OKX platform gets access to multiple crypto trading options, which include OTC trading alongside spot trading services and automated trading features. OKX provides its services to users across more than 240 cryptocurrencies, 300 trading pair options, and 60 Euro-based pairs.
OKX President Hong Fang highlighted the company’s long-term vision. The OKX president declared that obtaining a MiFID II license serves to advance the company’s purpose of delivering widely accessible regulated crypto products. The company dedicates itself to maintaining open protocols. In addition, it attains regulatory compliance as it responsibly builds its operations.
The achievement needed marking, which led OKX to hold a VIP event at Manoel Island in Malta. The company committed to boosting customer satisfaction by providing improved KYC procedures, more payment methods, and localized product functions.
The firm intends to create a powerful local presence in Europe through its partnerships with influencers and by hosting events and working with regional companies. As OKX continues its European expansion, it remains dedicated to fostering a secure and regulated digital asset ecosystem.
