Popular crypto exchange OKX has one of the first global crypto trading platforms to receive an official green light from the European Union (EU).
The company’s official release on Tuesday revealed that it had obtained a Markets in Crypto-Assets Regulation (MiCA) license in Europe, allowing it to passport its services across Europe.
A New Era for Crypto Trading in Europe
As a MiCA-licensed exchange, OKX has expanded its reach to provide fully regulated, localized crypto services to the vast European market, catering to the needs of over 400 million people residing in the 28 European Economic Area (EEA) countries.
The EEA countries include France, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.
The company has tailored its platform to meet the needs of these European users, providing a set of new features to enable a seamless crypto experience. Some updated features include OTC trading, spot trading, and bot trading.
According to the platform’s Tuesday statement, Users can also use over 240 cryptocurrency tokens across 300+ trading pairs and more than 60 Euro-based trading pairs.
At the same time, OKX added that it has incorporated several user-friendly features to ensure a seamless trading experience. Some features include multiple language selections on the platform and localized currency options to simplify transactions.
The company provides customer support in multiple languages and offers regionally tailored products with user-friendly interfaces for beginners and advanced toolsets for seasoned traders.
OKX Expands Business
The acquisition of the MiCA license is just one of the footprints it has left in the crypto space. Building on its European momentum, OKX is set to accelerate its global expansion, focusing on entering new markets and strengthening its regulatory footprint.
Last year, the company made significant strides, launching operations in seven new markets and obtaining four additional regulatory approvals, underscoring its dedication to compliance worldwide.
In September, the Monetary Authority of Singapore (MAS) granted OKX a Major Payment Institution (MPI) license to provide crypto trading services and digital payment experiences to investors in the country.
