OKX has achieved a major milestone by securing the Markets in Crypto-Assets (MiCA) license, becoming one of the first MiCA-licensed global crypto exchanges to offer its services across Europe.
This approval enables the platform to operate in 28 countries across the European Economic Area (EEA), expanding its services to over 400 million potential users.
With this license, OKX gains the ability to offer regulated crypto services under a unified framework, streamlining operations across multiple European markets.
The MiCA license, granted on 27 January 2025, provides OKX with the legal backing to provide fully regulated, localized services throughout the EU.
The exchange has based its European operations in Malta, offering users a secure environment to trade cryptocurrencies.
As part of this expansion, OKX has introduced free euro deposits and withdrawals via bank transfers, as well as local payment methods and currency options, enhancing its appeal across different European countries.
Erald Ghoos, CEO of OKX Europe, shared,
“We now offer fully regulated, localised crypto services to over 400 million people in 28 EEA countries, all through our European hub in Malta.”
This development allows OKX to reach an even wider audience, ensuring accessibility to a diverse range of users.
OKX’s platform now features more than 240 cryptocurrencies and over 300 trading pairs, including 60 euro-denominated options.
The exchange provides a wide range of services, from over-the-counter (OTC) trading to automated bot trading, all aimed at making crypto trading smoother and more flexible for users across Europe.
These services are tailored to meet the preferences of local markets, with multi-language support and customer service specific to each region.
The platform also offers zero-fee transactions for euro deposits and withdrawals, positioning itself as an attractive option for traders looking to minimize their costs.
One of the standout advantages of the MiCA license is its passporting rights, allowing OKX to operate seamlessly across the EU under a single regulatory framework.
This eliminates the need for the exchange to obtain separate licenses for each individual market.
The MiCA regulation, which takes full effect in mid-2025, is designed to standardise crypto regulations across the EU, ensuring greater investor protection and financial stability in the sector.
OKX’s MiCA approval comes after a year-long process that included policy updates, team restructuring, and product adjustments to meet the necessary regulatory standards.
This effort highlights OKX’s commitment to compliance and trust-building within the European market.
OKX’s expansion in Europe is part of a broader strategy to strengthen its global position.
In 2024, the exchange launched in seven new markets and obtained four additional licenses.
With the MiCA license in hand, OKX is now well-equipped to scale its operations further, providing regulated trading services to millions of users across Europe.
In an official statement, OKX emphasised the significance of MiCA passporting in enhancing its growth trajectory, stating,
“Now, with MiCA passporting, we’re able to scale even further, ensuring that users across Europe can trade with confidence on a regulated platform.”
MiCA regulations aim to standardise rules for cryptocurrency businesses, enhancing transparency and protecting investors.
By meeting the strict regulatory criteria, OKX has established itself as a reliable exchange for European crypto traders.
This helps boost trust among users and enhances its standing in the competitive crypto market.
With its MiCA license now secured, OKX plans to continue expanding its presence across Europe by further engaging with its user base through “exclusive reward opportunities, partnership prizes, and local community meet-ups in the future.”
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