OKX has formally secured a license underneath the European Union’s Markets in Crypto-Property (MiCA) regulatory framework. With this, the corporate can provide its providers throughout all 28 member states of the European Financial Space (EEA).
On 18 February 2025, the corporate stated, “With MiCA licensing secured, we’re passporting regulated crypto providers throughout Europe—providing native cost strategies and safe, seamless entry to 400M+ customers.”
Commenting on the event, Erald Ghoos, CEO of OKX Europe stated, “Securing the MiCA license and attaining passporting rights underscores our unwavering dedication to offering safe, clear, and localized crypto providers throughout the EEA.”
“With assist for native languages, currencies, and cost strategies, we’re making crypto buying and selling extra accessible than ever,” Ghoos added. “OKX is the brand new various for European crypto finance, and this milestone solidifies our place because the go-to platform for each novices and superior prospects within the EEA.”
OKX is Now Stay Throughout 28 EEA International locations
With MiCA licensing secured, we’re passporting regulated crypto providers throughout Europe—providing native cost strategies and safe, seamless entry to 400M+ customers.
A brand new various for Europe’s crypto future
… pic.twitter.com/Ak3ieaCrfh
— OKX (@okx) February 18, 2025
OKX Will Face Competitors From BitPanda, Crypto.com
Singapore’s Crypto.com additionally introduced securing a MiCA license on 12 February 2025. With this approval, the corporate can formally launch its providers throughout all 30 EEA member states.
Bitpanda, an Austrian fintech unicorn, obtained its MiCA license on 27 January 2025.
The corporate bagged the allow to increase within the EU from Germany’s Federal Monetary Supervisory Authority (BaFin). The license is efficient instantly, permitting the fintech unicorn to start operations throughout the member EU states.
On 20 January 2025, US-based Gemini introduced shifting its headquarters from Dublin to Malta as its hub for the MiCA framework.
“Having obtained our Digital Monetary Property (VFA) Service Licence in Malta in December 2024 (our sixth Digital Asset Service Supplier registration), the transfer will allow us to empower the following period of economic, artistic and private freedom in Europe,” Gemini stated.
Robinhood Crypto introduced its entry into Spain on 21 January 2025, enabling customers within the nation to entry its buying and selling, staking, and investing providers. This marked the corporate’s newest transfer to broaden its European presence, following the implementation of MiCA.
Discover: Robinhood Expands To Spain, Providing Crypto Buying and selling And Staking Underneath MiCA Rules
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Key Takeaways
The passporting function of MiCA permits companies licensed in a single EU nation to function seamlessly throughout all member states with out requiring extra approvals.
OKX joins different distinguished exchanges like Bitpanda and Crypto.com in adhering to the MiCA regulatory construction.
The submit OKX Expands Crypto Providers To twenty-eight EEA Nations: Discover Finest Crypto To Purchase! appeared first on 99Bitcoins.
