OKX Acquires MiFID II License To Expand Its Institutional Offerings In Europe

OKX crypto exchange has acquired a Markets in Financial Instruments Directive (MiFID II) license by acquiring a Malta-licensed entity.

OKX crypto exchange has acquired a Markets in Financial Instruments Directive (MiFID II) license. The move will allow the company to introduce regulated derivative products and services for institutional clients across the European Economic Area (EEA).

According to the recent announcement, the crypto exchange secured the MiFID II license through the acquisition of a Malta-licensed entity. The newly acquired entity will become fully operational later this year after receiving clearance from the Malta Financial Services Authority (MFSA).

The MiFID II license will allow OKX to introduce regulated derivatives and investment solutions for institutional clients across the EEA. This will further expand institutional market access while ensuring compliance with European financial regulations.

Earlier this year, OKX received a full Markets in Crypto-Assets (MiCA) license, allowing the exchange to provide localized crypto trading services across 30 EU member states. The MiCA license will support various offerings, including spot trading, over-the-counter (OTC) trading, and automated trading solutions.

Earlier this month, top crypto exchange Binance announced that it would be delisting all non-MiCA-compliant stablecoin trading pairs for users in the EEA.

Institutional Offerings With Regulatory Compliance

OKX’s expansion under MiFID II aims to align digital assets with traditional financial markets. The company intends to provide institutional-grade services that meet European compliance standards. The newly acquired license will help OKX partner with tier-one financial institutions and introduce new regulated investment products.

With the MiFID II approval, OKX plans to integrate additional risk management features and trading solutions tailored for institutional investors. The exchange seeks to offer advanced derivatives products while ensuring security in line with European regulations.

Additionally, institutional clients of OKX will gain access to new derivatives trading services. The platform currently supports trading for over 240 cryptocurrency tokens, 300 trading pairs, and 60 euro-based trading pairs.

Concurrently, the top crypto exchange plans to expand its fiat on-ramp options. The company allows users to deposit and withdraw euros at no cost through bank transfers while supporting card payments and other local payment methods.

Moreover, the exchange’s website and mobile app are designed to support local languages, currency displays, and customer service tailored to each European market. The company is set to introduce more localized services, including streamlined Know Your Customer (KYC) processes.

Reacting to the recent development, Erald Ghoos, CEO of OKX Europe stated,

“We are thrilled to receive the MiFID II license, which marks a significant milestone in our strategic expansion within Europe. This approval will allow us to introduce a new suite of compliant products and services specifically designed for institutional clients. As we navigate the evolving crypto landscape, we remain committed to navigating these changes and offering best-in-class solutions to our clients.”