OKX, a global blockchain technology company, announced today its acquisition of a Markets in Financial Instruments Directive (MiFID II) licensed entity.
The announcement was made at a private event held at Manoel Island in Malta. The new entity is expected to become operational later this year, pending approval from the Malta Financial Services Authority (MFSA).
OKX Obtains MiFID II License for Europe
"Securing a MiFID II license marks a significant milestone in our mission to integrate digital assets with traditional financial markets. This authorization strengthens our position in Europe, underscoring our commitment to regulatory compliance, security, and innovation," OKX Europe CEO, Erald Ghoos said.
This acquisition enables OKX to offer regulated derivative products and services to institutional clients across the European Economic Area (EEA), including all 30 EU member states.
This move strengthens OKX’s focus on regulatory compliance and expanding its presence in onshore financial markets.
"With this license, we are set to deliver institutional-grade services, partner with tier 1 financial institutions, and offer regulated investment solutions that enhance market access and empower investors across the continent," Ghoos added.
OKX Expands EU Reach with New License
The latest development sees OKX President Hong Fang commenting: "OKX is committed to advancing a sustainable and transparent ecosystem in the crypto space. Obtaining a MiFID II license aligns with our mission to make regulated crypto products accessible across Europe, underscoring our dedication to responsible expansion with regulatory compliance at the forefront."
On January 27, OKX obtained a full MiCA license. As a result, it can now offer fully localized services to the European Union (EU) through passporting. EU customers can access a wide range of regulated crypto exchange products, including OTC trading, spot trading, bot and copy trading, and over 240 cryptocurrency tokens across 300 trading pairs.
The platform also supports 60+ Euro-based trading pairs. OKX's website and mobile app are customized for local languages, currency displays, and customer support.
This article was written by Tareq Sikder at www.financemagnates.com.
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