OKX Becomes First Exchange to Receive MiCA Pre-Authorization for European Crypto Services

OKX Achieves MiCA Pre-Authorization

In a groundbreaking move for the cryptocurrency industry, OKX, a leading global blockchain technology firm, has recently announced that it is the first exchange to secure pre-authorization under the Markets in Crypto-Assets (MiCA) regulation. This important milestone sets the stage for OKX to offer a variety of regulated cryptocurrency products to over 400 million customers across Europe.

This pre-authorization means that once the full MiCA license is obtained, clients in the European Economic Area (EEA) will have access to a range of localized cryptocurrency products and services. Services will include over-the-counter trading, spot trading, and automated trading for more than 240 cryptocurrency tokens across 260 trading pairs. Additionally, over 60 trading pairs will be available in euros, enhancing accessibility for European investors.

The OKX platform is committed to providing services tailored to local languages and will feature local currency displays, alongside customer support in regional languages. This effort is aimed at ensuring a seamless experience for users across the continent.

Erald Ghoos, the CEO of OKX Europe, emphasized the significance of this achievement, stating, "Obtaining pre-authorization for the MiCA license is a crucial step in validating OKX's mission to lead and grow responsibly within the global cryptocurrency space. Our platform aims to be the go-to destination for digital asset trading for both retail and institutional clients in Europe, all within a fully regulated framework."

OKX intends to acquire the complete MiCA license and use its Malta hub to passport services across all 30 EEA member states. The MiCA regulation includes a passport mechanism that allows licensed businesses to operate across various EEA countries under a unified regulatory structure. This will simplify trading and investment in digital assets for European customers throughout the EEA.

Hong Fang, president of OKX, underlined Europe’s pivotal role in the global cryptocurrency revolution. He remarked, “The MiCA regulation exemplifies how comprehensive and transparent regulation can set a global benchmark. We are excited to be a part of this transformative journey and contribute to a secure and robust digital economy in Europe.”

OKX’s advanced product suite, which includes a user-friendly Simple Exchange, a robust Advanced Exchange for traders, and a comprehensive Wallet, positions the company to redefine the cryptocurrency experience for users of all levels throughout the EEA.

As the world's second-largest exchange by trading volume, OKX promises reliability with cutting-edge technology, offering uptime of 99.99%, proof of reserves for transparency, and an extensive selection of over 240 liquid trading pairs. Customers will enjoy the advantage of free euro deposits and withdrawals via bank transfers and have the convenience of purchasing cryptocurrencies using local and reliable payment methods.

Malta was chosen as OKX's MiCA hub due to the country's comprehensive regulatory approach concerning blockchain and cryptocurrency, as well as its strong technological infrastructure. The firm is currently in possession of a Class 4 VASP license issued by the Malta Financial Services Authority (MFSA).

With over 60 million users globally, OKX stands as a leader in providing advanced and reliable cryptocurrency services, boasting centralized (CEX) and decentralized (DEX) trading platforms. The attainment of the MiCA pre-authorization marks a vital step in OKX's mission to expand its European presence while ensuring the provision of secure access to premier cryptocurrency services and innovations.

For more information, visit okx.com.

About OKX

OKX’s mission is to organize the world's blockchain networks and make them more accessible and valuable. As a company that originated as a cryptocurrency exchange, OKX has evolved to become one of the largest platforms globally, also developing a highly connected on-chain wallet used by millions to access decentralized applications (dApps). OKX is trusted by countless institutions seeking reliable access to cryptocurrency markets, connecting seamlessly with global banks and payment solutions.

Explore our well-known products like the OKX Exchange, OKX Wallet, OKX Marketplace, OKX Explorer, OKX Chain, and our developer-focused OS, OKX Ventures, and OKX Institutional Services. For more information, download our app or visit okx.com.