OKX Expands European Reach with New License Acquisition
OKX has taken a significant step in bolstering its European presence by acquiring a MiFID II license through the purchase of a Malta-based company with regulatory approval.
This move positions the exchange to offer regulated derivatives and financial products to institutional clients across the European Economic Area (EEA), contingent upon final approval from the Malta Financial Services Authority (MFSA).
Announced at an exclusive event in Malta, this acquisition is part of OKX’s broader strategy to strengthen its position in the European market. The new license will enable the exchange to provide compliant investment services while meeting European financial regulations, facilitating increased access for institutional investors.
Previously, OKX had already secured a Markets in Crypto-Assets (MiCA) license, allowing it to offer localized crypto services across the EU, including spot and over-the-counter trading. This new MiFID II license complements those efforts, helping OKX align its digital asset services with traditional financial markets by offering advanced products tailored for institutional clients.
READ MORE: Cayman Islands Implements Stricter Crypto Licensing Rules
As part of its European expansion, OKX plans to integrate enhanced risk management tools, offering institutional-grade solutions in line with European compliance standards. The platform currently supports a wide range of cryptocurrencies and is focused on offering seamless fiat on-ramp services, including free euro deposits and withdrawals via bank transfers.
Furthering its commitment to localization, OKX aims to provide services in multiple languages, local currencies, and customized customer support across different European markets, while enhancing Know Your Customer (KYC) procedures for smoother user experiences.
Erald Ghoos, CEO of OKX Europe, emphasized the company’s goal to provide top-tier services to institutional clients and collaborate with major financial institutions to broaden access to regulated investment products across Europe.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
