OKX Strengthens Institutional Services with MiFID II License Acquisition in Malta

OKX Enhances European Institutional Services

In a significant move within the blockchain sector, OKX, a prominent global enterprise in blockchain technology, held an exclusive event in Valletta, Malta. This event was marked by the strategic announcement of its acquisition of a Markets in Financial Instruments Directive II (MiFID II) licensed entity. This acquisition is poised to transform OKX's capability to deliver compliance-forward derivative products and services to institutional clients across the European Economic Area (EEA).

A Milestone for Regulatory Compliance

The acquisition of the MiFID II license is a pivotal milestone for OKX as it manifests its resolve to adhere to stringent regulatory standards. By securing this license, which is expected to be operational later this year pending approval from the Malta Financial Services Authority (MFSA), OKX can now offer a range of regulated financial services across all 30 EU member states. This progressive step emphasizes OKX's dedication to marrying digital assets with traditional finance, enhancing market integrity and security.

Erald Ghoos, CEO of OKX Europe, asserted the importance of this milestone. He was quoted saying, "Securing a MiFID II license marks a significant milestone in our mission to integrate digital assets with traditional financial markets. This authorization strengthens our position in Europe, underscoring our commitment to regulatory compliance, security, and innovation."

Comprehensive Service Offerings

With the MiFID II license, OKX is set to expand its service offerings significantly. The company aims to become a key player in delivering institutional-grade services and collaborating with leading financial institutions in Europe. This includes providing regulated investment solutions that are designed to enhance access to the markets for investors continent-wide.

Earlier this year, on January 27th, OKX additionally earned the status of the first global crypto exchange to receive a full Markets in Crypto-Assets (MiCA) license. This credential allows the firm to provide fully localized products and services, enabling offerings such as over-the-counter (OTC) trading, spot trading, and advanced trading solutions for more than 240 cryptocurrency tokens across 300 trading pairs, enhanced by 60 Euro-based trading pairs.

The OKX platform recently underwent enhancements to cater to local market needs, enabling customers access to supportive services in their native languages and currencies. This effort ensures that customers can engage with the platform effortlessly, supported by localized customer service initiatives.

A Commitment to Sustainability and Innovation

OKX is not just focusing on regulatory compliance but is also committed to fostering a sustainable and transparent ecosystem within the cryptocurrency space. Hong Fang, President of OKX, emphasized the alignment of acquiring a MiFID II license with their overarching mission to make regulated crypto products more accessible across Europe. He stated, "Obtaining a MiFID II license aligns with our mission to make regulated crypto products accessible across Europe, underscoring our dedication to responsible expansion with regulatory compliance at the forefront."

Celebrating Expansion in Malta

To celebrate this noteworthy expansion, OKX hosted a VIP gathering at the idyllic venue of Manoel Island in Malta, bringing together industry leaders, stakeholders, and partners for an evening dedicated to networking and sharing insights on the future of blockchain technology. As one of the largest cryptocurrency exchanges by trading volume, OKX leverages cutting-edge technology and robust security measures to lead the market with its commitment to transparency.

With over 60 million users globally, OKX continues to focus on advancing the adoption of digital assets through adherence to regulations and continuous product innovation. As they navigate this evolving landscape, they aim to solidify their position at the forefront of the blockchain industry.

For more information on OKX, visit okx.com.