OKX, The Leading Global Crypto Exchange To Receive Its MiCA Pre-authorization, Will Offer Its Regulated Crypto Products To Over 400 Million Europeans
Valletta, January 23, 2024 – OKX, a global leader in blockchain technologies, announces today that it is the first Virtual Financial Asset (Virtual Financial Asset or VFA) exchange to receive its MiCA pre-authorization. With this step, OKX should soon obtain the MiCA license, allowing it to offer its regulated crypto services tailored to over 400 million Europeans from its Maltese headquarters.
Thanks to this license, European customers will have access to regulated products on the OKX exchange platform across more than 240 cryptos, 260 trading pairs, and 60 euro trading pairs: OTC trading, spot trading, trading bots, etc. The OKX website and app will also be customized to display in French and euro, and OKX will offer its customer service in French as well.
This major milestone reflects OKX’s commitment to providing secure, transparent, and innovative solutions to its customers, ensuring they have access to a reliable and compliant platform in a constantly evolving European crypto ecosystem.
OKX will soon expand its MiCA approval to all countries in the European Economic Area, which includes 30 member countries from its European headquarters in Malta. Under the unified framework of the MiCA regulation, the European passport allows registered companies that have obtained approval in one EU country to offer their services in other EU countries. This development simplifies the trading and investment operations of digital assets for residents of the European Economic Area.
According to 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 across all digital asset offerings, within a fully regulated framework. At the forefront of international regulatory standards, the Maltese Financial Services Authority (MFSA) is renowned for the rigor of its regulatory framework. From its Maltese headquarters, OKX will provide its clients with the best platform for managing digital assets, with maximum security and compliance.“
Hong Fang, the 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 the importance given to customer security serve as a global benchmark. This pre-authorization demonstrates our long-term commitment to this major market. Europe’s position in favor of clear and consistent regulation is essential for shaping the future of the global digital economy, and we are excited to participate in this unique experience.“
With its cutting-edge product range, a simplified exchange platform for beginners, an advanced trading platform for traders, and a comprehensive Web3 wallet for cryptocurrency enthusiasts, OKX is ready to redefine the crypto experience for EEA clients at all levels. As the second-largest exchange in the world by trading volume, OKX is exceptionally reliable. It boasts the best technology in the industry with 99.99% uptime, a proof of reserves for greater transparency, and over 240 highly liquid tokens and trading pairs.
EEA clients can deposit and withdraw euros for free via bank transfer and easily purchase their cryptocurrencies using credit cards.
OKX chose Malta as its MiCA headquarters due to the comprehensiveness of the country’s regulatory approach and its strict standards for blockchain and cryptocurrency, not to mention its robust technological infrastructure. OKX holds a Virtual Financial Asset (Virtual Financial Asset or VFA) exchange license issued by the MFSA.
With over 60 million users worldwide, 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 significant advancement for OKX, which aims to strengthen its presence in Europe while facilitating access to top crypto services and sector innovations for Europeans, safely. The company now holds eight licenses and registrations to its name and continues its strategy to become the platform with the most licenses and the most regulated in the world.
About OKX
OKX is a technology company whose mission is to make the world of blockchain more accessible and useful.
OKX aims to prioritize efficiency and transparency for a more connected future worldwide.
Since its beginnings as a crypto exchange platform, OKX has enabled millions of users to access crypto trading 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, now used by millions to access decentralized applications (dApps).
Hundreds of major institutions trust OKX to access crypto markets via a reliable platform, perfectly integrated with international banking and payment services.
Some of its flagship products: the OKX Exchange, OKX Wallet, OKX Marketplace, OKX Explorer, OKX Chain and OS for developers, OKX Ventures, and OKX Institutions. To learn more about OKX, download our app or visit: okx.com
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