Crypto Exchange OKX Europe Acquires a Malta-Licensed Firm with a MiFID II License to Expand Its Reach in the Region

Crypto exchange OKX Europe has acquired a Malta-licensed firm with a Markets in Financial Instruments Directive II (MiFID II) license, bringing it a step closer to offering regulated derivatives products

Crypto exchange OKX Europe has acquired a Malta-licensed firm with a Markets in Financial Instruments Directive II (MiFID II) license, bringing it closer to offering regulated derivatives products throughout Europe, the firm said in a statement on Wednesday.

The entity, which will operate under the name OKX, is expected to become operational later this year, once the exchange gets approval from the Malta Financial Services Authority (MFSA). The exchange did not say which firm it acquired.

With its MiFID II license, OKX will be able to provide regulated derivatives products and services to its institutional clients in the European Economic Area, which includes 27 European Union member states as well as Iceland, Liechtenstein and Norway.

“We are proud to announce that we have acquired a MiFID II license in Malta, a key milestone in our journey to expand our institutional offering in a compliant manner,” said Haobo, Chief Executive Officer of OKX.

“This license will enable us to provide a wider range of products and services to our clients in the EEA, further solidifying our position as a leading cryptocurrency exchange.”

This is another step solidifying the third-largest exchange in terms of market cap in the EU, the release said. It attained a Markets in Crypto Assets license from Malta in January.

The news comes as One Trading, a subsidiary of DEGIRO, also secured regulatory approval to provide crypto derivatives to retail investors in the Netherlands.output: Crypto exchange OKX Europe has acquired a Malta-licensed firm with a Markets in Financial Instruments Directive II (MiFID II) license, bringing it closer to offering regulated derivatives products throughout Europe, the firm said in a statement on Wednesday.

The entity, which will operate under the name OKX, is expected to become operational later this year, once the exchange gets approval from the Malta Financial Services Authority (MFSA). The exchange did not say which firm it acquired.

With its MiFID II license, OKX will be able to provide regulated derivatives products and services to its institutional clients in the European Economic Area, which includes 27 European Union member states as well as Iceland, Liechtenstein and Norway.

“We are proud to announce that we have acquired a MiFID II license in Malta, a key milestone in our journey to expand our institutional offering in a compliant manner,” said Haobo, Chief Executive Officer of OKX.

“This license will enable us to provide a wider range of products and services to our clients in the EEA, further solidifying our position as a leading cryptocurrency exchange.”

This is another step solidifying the third-largest exchange in terms of market cap in the EU, the release said. It attained a Markets in Crypto Assets license from Malta in January.

The news comes as One Trading, a subsidiary of DEGIRO, also secured regulatory approval to provide crypto derivatives to retail investors in the Netherlands.