Valletta, January 23, 2024 – OKXthe world leader in blockchain technologies, today announces that it is the first exchange of Virtual Financial Assets (Virtual Financial Asset or VFA) to receive its MiCA pre-authorization. With this step, OKX should soon obtain the MiCA license, allowing it to offer its regulated and adapted crypto services to more than 400 million Europeans from its Maltese headquarters.
Thanks to this license, European clients will have access to the regulated products of the OKX exchange platform on more than 240 cryptos, 260 trading pairs and 60 euro trading pairs: OTC trading (over-the-counter), spot trading, trading bot, etc. The OKX website and app will also be personalized to display in French and in euros, OKX will also offer its customer service in French.
This major milestone demonstrates OKX's commitment to providing secure, transparent and innovative solutions to its clients, ensuring they have access to a reliable and compliant platform in an ever-evolving European crypto ecosystem.
OKX will soon expand its MiCA approval to the entire European Economic Area, i.e. 30 member countries from its European headquarters in Malta. Within the unified framework of the MiCA regulation, the European passport allows companies registered and approved in one of the countries of the European Union to offer their services in other EU countries. This development simplifies trading and investing in digital assets for residents of the European Economic Area.
In the words of Erald Ghoos, CEO of OKX Europe: “ Obtaining this MiCA pre-authorization is a key step for OKX and reinforces our mission: to contribute to the construction of the international crypto ecosystem in a responsible manner. OKX will be the reference platform for both individuals and European institutions on all digital asset offerings, within a fully regulated framework. At the forefront of international regulatory standards, the Malta Financial Services Authority (MFSA) is renowned for the rigor of its regulatory framework. From its Maltese headquarters, OKX will offer its clients the best digital asset management platform, with maximum security and compliance. »
Hong Fang, President of OKX, adds: “ Europe has always been at the heart of the global crypto revolution, and MiCA is a true example for the rest of the world. MiCA's progressive approach to regulating digital finance in Europe and its focus on customer security sets a global benchmark. This pre-authorization demonstrates our long-term commitment to this major market. Europe's stance on clear and consistent regulation is essential to shaping the future of the global digital economy, and we are delighted to be part of this unique experiment. »
With its cutting-edge product line, a simplified trading platform for beginners, a more powerful advanced trading platform for traders, as well as a comprehensive Web3 wallet for cryptocurrency enthusiasts, OKX is ready to redefine cryptocurrency. crypto experience of EEA customers at all levels. As the second largest exchange in the world by trading volume, OKX is exemplary in reliability. It boasts industry-leading technology with 99.99% availability, proof of reserves for added transparency, and over 240 highly liquid tokens and trading pairs.
OKX customers in the EEA can deposit and withdraw euros for free by bank transfer, and easily purchase their cryptocurrencies by bank card.
OKX made Malta its MiCA headquarters due to the country's comprehensive regulatory approach, and its strict standards on blockchain and cryptocurrency, not to mention its strong technological infrastructure. OKX holds a license to exchange Virtual Financial Assets (Virtual Financial Asset or VFA) issued by the MFSA.
With more than 60 million users around the world, OKX positions itself as a leader in the crypto industry for its cutting-edge and reliable technologies by operating its centralized and decentralized exchanges. Obtaining this pre-authorization is a major step forward for OKX, which wishes to strengthen its presence in Europe while facilitating access to the best crypto services and innovations in the sector for Europeans, in complete security. The company now has eight licenses and registrations under its belt, and continues its strategy to become the most licensed and regulated platform in the world.
About OKX
OKX is a technology company with a mission to make the world of blockchain more accessible and useful.
OKX wants to give pride of place to efficiency and transparency, for a more connected future around the world.
Since its beginnings as a crypto exchange, OKX has provided access to crypto trading to millions of users and is now one of the leading platforms in the world. In recent years, OKX has developed one of the most connected on-chain Wallets, today used by millions of people to access decentralized applications (dApps).
Hundreds of large institutions trust OKX to access crypto markets through a reliable platform, seamlessly integrated with international banking and payment services.
Some of its flagship products: OKX Exchange, OKX Wallet, OKX Marketplace, OKX Explorer, OKX Chain and OS for developers, OKX Ventures and OKX Institutions. To find out more about OKX, download our app or go to: okx.com
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