It is now the first Virtual Financial Assets (VFA) exchange to secure pre-authorization. This approval is under the Markets in Crypto-Assets Regulation (MiCA).
This milestone marks a key step in OKX’s expansion plans, setting the stage for the company to offer fully regulated crypto services.
Localized Services for Europe’s 400 Million
OKX’s Malta-based hub will be the focal point for providing a broad range of crypto services across the EEA. This includes over-the-counter (OTC) trading, spot trading, and bot trading. The platform will also cater to local needs by offering customizable features. Such as local language support, local currency displays, and tailored customer service in multiple languages.
Malta was chosen as the location for the MiCA hub due to its robust regulatory framework and the country’s reputation for fostering innovation in blockchain and cryptocurrency. OKX already holds a Class 4 Virtual Asset Service Provider (VASP) license from the Malta Financial Services Authority (MFSA), signaling its deep integration into the region’s regulatory landscape.
A new alternative for Europe 🇪🇺
We’re proud to be the first global exchange to receive a MiCA pre-authorization.
This demonstrates our continued dedication to regulation, responsible growth & customer protection.
Learn more: https://t.co/nfnU1rssXR pic.twitter.com/H1WbuLTTBy
— OKX (@okx) January 23, 2025
OKX’s pre-authorization under MiCA allows the company to continue offering regulated services to users across Europe. With its solid foundation in Malta, OKX is now well-positioned to provide comprehensive crypto services while ensuring compliance with European regulations.
More About OKX
$TRUMP launched last week, and the numbers are staggering on OKX. The token has seen an impressive $36.2 billion in total turnover, with a massive $2.5 billion traded in just the last 24 hours.
The community has spoken. $TRUMP launched last week and here are its numbers on #OKX 🤯
🟢 $36.2B total turnover
🟢 $2.5B traded in last 24 hrs
🟢 960K traders joined inTrade responsibly. pic.twitter.com/u6ReHf04qE
— OKX (@okx) January 22, 2025
Even more remarkable, 960,000 traders have already joined in on the action. These figures highlight the huge interest and excitement surrounding $TRUMP, marking a major milestone for the token’s growth and solidifying its place in the crypto market.
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