OKX Obtains MiCA Pre-Authorization License for European Operations
OKX Secures MiCA Pre-Authorization License
Cryptocurrency exchange OKX has obtained the first Markets in Crypto-Assets Regulation (MiCA) pre-authorization license, allowing it to function as a Virtual Financial Assets (VFA) exchange across Europe.
The key points include:
- License granted by the Malta Financial Services Authority (MFSA).
- Enables services for over 400 million Europeans via its Malta hub.
- Full MiCA license to allow OTC, spot, and bot trading for over 240 digital assets.
- Passporting feature will enable service offerings across all 30 EEA member states.
- Plans for localized products including user-friendly Simple Exchange and advanced trading options.
- Customization in local languages and currencies to enhance user experience.
- Malta chosen for its regulatory framework and technological infrastructure.
Additionally, OKX has expanded globally, launching services in Argentina and becoming the first licensed crypto operator in the UAE.