OKX is the first global exchange to pre-authorize the MiCA license and is ready to offer regulated cryptocurrency products, locally, to 400 million Europeans. Based on the license, European customers will have access to OKX’s localized cryptocurrency products and services. The offer includes OTC trading, spot trading and bot trading, covering over 240 cryptocurrencies available in over 260 trading pairs.
The OKX platform will be available in local languages, and customers will be able to view their assets in national currencies and receive customer support in native languages.
OKX has received MiCA license pre-authorization!
Valletta, January 23, 2025 – OKX, a leading global blockchain technology company, today announced that it is the first exchange with a Virtual Financial Assets (VFA) license to be pre-authorized under the Markets in Crypto-Assets Regulation (MiCA). Once fully licensed by MiCA, OKX will begin offering locally tailored cryptocurrency services to over 400 million Europeans through its operations center in Malta, covering the European Economic Area (EEA).
Under the license, customers in Europe will have access to regulated cryptocurrency products and services offered by OKX, including OTC trading, spot trading and bot trading for over 240 tokens available in over 260 trading pairs and over 60 euro-denominated pairs . The OKX website and mobile app will be available in localized languages and will also display national currencies and provide customer support in native languages across the region.
This achievement reinforces OKX’s commitment to providing secure, transparent and innovative solutions, and ensures that customers will be able to benefit from access to a credible and licensed platform in the dynamically developing cryptocurrency sector.
Pre-authorization of the MiCA license for OKX is a key milestone
OKX intends to obtain a full MiCA license and passport it from its headquarters in Malta to all 30 EEA member states. Passporting, provided for in MiCA, allows companies registered and licensed in one of the EU countries to provide services in other EU countries within a unified regulatory framework. This solution makes trading and investing in digital assets across the EEA more accessible to European residents.
As OKX CEO for Europe, Erald Ghoos, emphasizes:
Obtaining pre-authorization of the MiCA license is a key milestone that further validates OKX’s mission to lead and build a responsible global cryptocurrency industry. OKX will become the first-choice platform in Europe for both retail and institutional investors, offering a full range of digital asset services within a unified regulatory framework. The Malta Financial Supervisory Authority (MFSA) is renowned for its effective implementation of a comprehensive regulatory framework, placing the MFSA among the world’s leading financial regulators. Through our operations center in Malta, OKX customers will have access to the best, most secure and fully compliant cryptocurrency platform.
OKX president Hong Fang adds:
Europe has always been at the center of the cryptocurrency revolution, and the pre-authorization of the MiCA license sets an example for the rest of the world. The progressive approach to the regulation of digital assets in Europe, expressed in MiCA, and its strong focus on customer safety and security sets a global standard. Obtaining pre-authorization is a testament to our long-term commitment to this key market. Europe’s attitude in adopting a transparent and uniform regulatory framework is a key factor in shaping the future of the global digital economy. We are thrilled to be part of this transformative journey.
Simple Exchange, Advance Exchange and a comprehensive cryptocurrency wallet
With a suite of cutting-edge products including the user-friendly Simple Exchange (so-called Simple Mode), the efficient Advanced Exchange for traders (so-called Advanced Mode) and a comprehensive cryptocurrency wallet for digital asset enthusiasts, OKX is fully ready to redefine cryptocurrency industry for clients of all experience levels throughout the EEA.
As the world’s second largest exchange by trading volume, OKX offers unrivaled reliability through the use of industry-leading technology. OKX boasts a product availability of 99.99% (so-called uptime), full transparency thanks to Proof of Reserves, and over 240 extremely liquid tokens and trading pairs. OKX customers in Europe can deposit and withdraw euros fee-free via bank transfer and easily purchase crypto using credit cards and other local payment methods.
OKX with operations center in Malta
OKX chose Malta as the headquarters for its MiCA operations center due to the country’s comprehensive approach to regulation, high standards for blockchain and cryptocurrency technologies, and solid technological infrastructure. OKX currently holds a Class 4 VASP license from the MFSA.
OKX, serving over 60 million customers worldwide, is a leader in the cryptocurrency industry by providing advanced and reliable services and offering both centralized (CEX) and decentralized (DEX) cryptocurrency exchanges. Obtaining MiCA license pre-authorization is an important milestone in achieving OKX’s mission to expand its reach in Europe while providing secure access to first-class service and innovation. MiCA will be the eighth license and registration obtained by OKX, which is in line with its strategic goal of becoming the most licensed and regulated platform in the world.
Find out more at okx.com
For more information, please consult: media@okx.com
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