OKX Becomes First Global Exchange to Receive MiCA Pre-Approval for Crypto Services in Europe

OKX Gains MiCA Pre-Approval to Serve European Customers

In a significant move for the cryptocurrency sector, OKX has made history by becoming the first global exchange to receive preliminary approval under the Markets in Crypto-Assets Regulation (MiCA). This milestone positions OKX to provide regulated cryptocurrency products and services to over 400 million users across Europe. As a leading global blockchain technology firm, OKX is committed to ensuring a safe, transparent, and innovative trading environment.

Unlocking Access to Regulated Crypto Offerings

With the MiCA pre-approval, OKX has the ability to offer a variety of regulated cryptocurrency products. These include over-the-counter (OTC) trading, spot trading, and bot trading for more than 240 cryptocurrency tokens. Moreover, users can engage in trades across 260 pairs, including over 60 pairs that are Euro-based, catering directly to the European market.

The exchange’s website and mobile application will be localized to meet the linguistic needs of European customers, displaying values in local currencies and providing customer support in respective languages. This localization effort reflects the company's intention to provide a tailored and user-friendly experience for its extensive customer base in the region.

A Commitment to Regulatory Compliance

OKX’s preliminary MiCA approval highlights their dedication to regulatory compliance in a landscape that is experiencing rapid evolution. Erald Ghoos, CEO at OKX Europe, emphasized that this recognition validates the company’s mission in the global cryptocurrency arena, allowing them to lead the charge in providing both individual and institutional clients access to a fully regulated digital asset platform.

Malta’s Financial Services Authority (MFSA) is renowned for its robust regulatory framework, and this partnership establishes OKX as a trusted platform in the increasingly competitive EU crypto market. The company aims to secure a complete MiCA license and intends to leverage it across all 30 European Economic Area (EEA) member states. This licensing framework simplifies digital asset trading and investments for European customers, promoting broader access to crypto services.

Shaping the Future of Cryptocurrency in Europe

Hong Fang, President of OKX, stated that Europe has always been at the forefront of the global cryptocurrency revolution. The MiCA legislation sets a standard for digital finance regulations worldwide, with a strong emphasis on customer security. The pre-approval is not just an operational milestone but is also indicative of OKX's long-term commitment to the European market.

As the second-largest exchange by trading volume globally, OKX offers an array of advanced products. Its platform includes a user-friendly Simple Exchange, a robust Advanced Exchange for traders, and an all-encompassing wallet designed for cryptocurrency enthusiasts.

Innovative Products and Services for Users

OKX provides an impressive availability rate of 99.99%, showcasing its reliability through cutting-edge technology and transparent reserve proof. European customers will also enjoy seamless transactions—depositing and withdrawing Euros via bank transfers without additional fees and purchasing cryptocurrencies with local payment methods.

The decision to establish its MiCA hub in Malta is based on the country’s strong regulatory framework for blockchain technology and cryptocurrencies, combined with a sound technological infrastructure. Currently, OKX holds a Class 4 VASP license from MFSA, further solidifying its operational capabilities in Europe.

As the demand for advanced cryptocurrency services continues to grow, OKX is particularly well-positioned to redefine the crypto experience for all users in the EEA. Supporting over 60 million customers, the company is at the forefront of providing reliable and advanced cryptocurrency solutions, merging both centralized (CEX) and decentralized (DEX) trading experiences.

Through this recent development, OKX aims to expand its footprint across Europe, offering exceptional access to top-tier cryptocurrency services while ensuring the continued innovation that the market demands. The future looks promising for both OKX and the European crypto landscape as they navigate this transformative journey together.

For more information about OKX and its services, visit okx.com.