OKX Secures MiCA Pre-Authorization in Europe

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.

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.

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.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.