OKX Secures MiCA License for Operations in 28 European Countries

OKX has received the MiCA (Markets in Crypto-Assets) license, allowing it to operate in 28 countries within the European Economic Area (EEA). Key points include:

• Access to over 400 million users with regulated services.
• European hub established in Malta for OTC trading, spot trading, and bot trading.
• Support for over 240 cryptocurrencies and 60 euro trading pairs, with free bank transfer deposits and withdrawals.
• Passporting rights enable operation across multiple EU countries under a single regulatory framework.
• Localized services planned, including multilingual platforms and region-specific payment options.
• The MiCA application process took over a year, involving policy updates and compliance restructuring.
• Full application submitted on September 1, 2024; license granted on January 27, 2025.
• Existing VFA Class 4 license facilitated smoother transition to MiCA compliance.
• OKX serves over 60 million clients worldwide, expanding its centralized and decentralized platforms.
• MiCA aims to standardize regulations for crypto businesses in the EU, effective mid-2025.

By securing the MiCA license, OKX enhances its position as a leader in the European crypto market, providing accessible trading options.