OKX, a leading global technology company in the blockchain sector, has announced that it is the first Virtual Financial Assets (VFA) licensed exchange to receive pre-authorization under the Markets in Crypto-Assets (MiCA) Regulation. Upon receiving the full MiCA license, OKX will begin offering tailored cryptocurrency services to over 400 million Europeans through its operational hub in Malta, covering the entire European Economic Area (EEA).
- Under the license, European customers will gain access to OKX's cryptocurrency products and services. These include OTC trading, spot trading, and bot trading, featuring over 240 cryptocurrencies available in more than 260 trading pairs.
- The OKX platform will be available in localized language versions, and customers will be able to view their assets in local currencies and receive customer support in their native languages.
OKX Granted Approval to Operate in Europe Under MiCA
Under the license, customers across Europe will have access to regulated cryptocurrency products and services offered by OKX. These include OTC trading, spot trading, and bot trading for more than 240 tokens available in over 260 trading pairs, including more than 60 euro-denominated pairs.
The OKX website and mobile application will be available in localized versions, display national currencies, and provide native-language customer support across the region.
This achievement reinforces OKX’s commitment to delivering secure, transparent, and innovative solutions. It also provides assurance to customers that they can benefit from a trusted and licensed platform within the rapidly evolving cryptocurrency sector.
OKX intends to receive the full MiCA license and passport it from its Malta base to all 30 EEA member states.
Passporting, as outlined in MiCA, allows firms registered and licensed in one EU country to offer services in other member states under a unified regulatory framework. This makes trading and investing in digital assets more accessible for residents across the EEA.
Obtaining MiCA pre-authorization is a key milestone that further confirms OKX’s mission to lead and responsibly build the global crypto industry. OKX will become the platform of choice in Europe for both retail and institutional investors, offering a full suite of digital asset services within a unified regulatory framework. The Maltese Financial Services Authority (MFSA) is renowned for effectively implementing comprehensive regulatory frameworks, placing it among the world’s top financial supervisory bodies. Through our operational hub in Malta, OKX customers will gain access to the best, safest, and fully compliant cryptocurrency platform available.
— commented Erald Ghoos, CEO of OKX Europe.
Europe has always been at the center of the cryptocurrency revolution, and the MiCA pre-authorization sets an example for the rest of the world. Europe’s progressive approach to digital asset regulation, as expressed in MiCA, and its strong emphasis on security and customer protection set a global standard. Receiving pre-authorization is a testament to our long-term commitment to this key market. Europe’s adoption of transparent and unified regulatory frameworks is a crucial factor in shaping the future of the global digital economy. We are excited to be part of this transformative journey.
— added Hong Fang, President of the exchange.
With a suite of cutting-edge products—including the user-friendly Simple Exchange mode, the efficient trader-focused Advanced Exchange mode, and a comprehensive crypto wallet for digital asset enthusiasts—OKX is ready to redefine the crypto industry for customers of all experience levels across the EEA.
As the world’s second-largest exchange by trading volume, OKX offers unparalleled reliability through industry-leading technology. It boasts 99.99% uptime, full transparency via Proof of Reserves, and more than 240 highly liquid tokens and trading pairs.
OKX customers in Europe can deposit and withdraw euros fee-free via bank transfer and easily purchase crypto using payment cards and other local payment methods.
OKX selected Malta as the base for its MiCA operational hub due to the country’s comprehensive regulatory approach, high standards for blockchain and cryptocurrency technology, and robust technological infrastructure. OKX currently holds a Class 4 VASP license issued by the MFSA.
Serving over 60 million customers worldwide, OKX is a leader in the cryptocurrency industry, providing advanced and reliable services through both a centralized (CEX) and a decentralized (DEX) exchange.
The acquisition of the MiCA pre-authorization marks a significant milestone in OKX’s mission to expand its reach in Europe while ensuring secure access to top-tier services and innovations.
About OKX
OKX is a technology company with a mission to organize global blockchain networks and make them more accessible and useful for everyone.
The company aims to create a future that makes the world more efficient, transparent, and connected.
OKX began as an exchange, providing millions of people with access to cryptocurrency trading, and has since grown into one of the world’s leading platforms.
Over the years, it has developed one of the most integrated blockchain wallets, used by millions who enjoy access to decentralized applications (dApps).
OKX is a brand trusted by hundreds of large institutions seeking access to cryptocurrency markets through a reliable platform that is seamlessly connected to global banking and payments.
Its most well-known products include the OKX Exchange, OKX Wallet, OKX Marketplace, OKX Explorer, OKX Chain and OS for developers, OKX Ventures, and OKX Institutional Services. 👉 Explore more about secure trading platforms
Frequently Asked Questions
What is the MiCA Regulation?
The Markets in Crypto-Assets (MiCA) is a regulatory framework established by the European Union to provide a harmonized set of rules for crypto-asset markets across its member states. It aims to enhance consumer protection, market integrity, and financial stability while supporting innovation.
How does MiCA benefit European crypto users?
MiCA ensures that crypto service providers operate under consistent and transparent regulations. This means users benefit from greater security, clearer operational standards, and stronger safeguards for their assets when using licensed platforms like OKX.
What services will OKX offer in Europe under MiCA?
OKX will offer a range of services including spot trading, OTC trading, and bot trading, with support for over 240 cryptocurrencies and multiple fiat currency options, including euro-denominated trading pairs.
What is passporting under MiCA?
Passporting allows a company licensed in one EU member state to offer its services across the entire European Economic Area without needing separate authorization from each country, simplifying market access for providers and expanding options for users.
Is OKX currently available to European customers?
Yes, OKX already serves users globally. With the MiCA pre-authorization, it will enhance its localized services, including language support, local currency displays, and dedicated customer assistance for European users.
How does OKX ensure security and compliance?
OKX employs industry-leading security measures, including Proof of Reserves for transparency, 99.99% platform uptime, and adherence to strict regulatory standards. The company is committed to providing a safe, reliable, and fully compliant trading environment.