OKX Secures Pre-Authorization for MiCA License in Europe

Crypto trading platform OKX has taken a key step toward offering regulated cryptocurrency services in Europe by securing pre-authorization under the Markets in Crypto-Assets Regulation (MiCA). The company plans to expand its services across 30 European Economic Area (EEA) countries through its hub in Malta once it obtains a full MiCA license.

The license will allow OKX to provide a range of regulated products, including OTC trading, spot trading, and bot trading. Users in the region will gain access to over 240 cryptocurrencies and 260 trading pairs, with more than 60 pairs based on the Euro. To enhance user experience, the company’s website and mobile app will offer localized support, including language customization, currency displays, and region-specific customer service.

With the MiCA license, OKX aims to simplify cross-border cryptocurrency trading within the EEA. The passporting feature of the regulation enables companies licensed in one EU country to provide services in others under a unified framework. This streamlined approach is expected to make it easier for users across Europe to trade and invest in digital assets.

Erald Ghoos, CEO of OKX Europe, highlighted the importance of the pre-authorization. “Securing pre-authorization for the MiCA license is a major milestone that further validates OKX’s mission to lead and build responsibly in the global crypto space. OKX will be the go-to digital asset platform for both retail and institutional customers in Europe for any digital asset offering under a fully regulated framework,” Ghoos said. He also praised the Malta Financial Services Authority (MFSA) for its strong regulatory standards, emphasizing the advantages of operating from Malta.

Hong Fang, President of OKX, expressed optimism about the opportunities in Europe. “Europe has always been at the heart of the global crypto revolution, and MiCA sets a powerful example for the rest of the world. MiCA’s progressive approach to digital finance regulation in Europe and its strong focus on customer safety and security establishes a global benchmark. The pre-authorization is a testament to our long-term commitment to this critical market,” Fang said. She noted that Europe’s regulatory framework is driving the future of the digital economy, and OKX is eager to contribute to its growth.