OKX Europe Obtains MiFID II License to Expand Its Services in the European Market

The exchange obtained a Markets in Financial Instruments Directive II (MiFID II) license through its recent acquisition.

OKX Europe has taken a significant step toward expanding its services in the European market. The exchange obtained a Markets in Financial Instruments Directive II (MiFID II) license through its recent acquisition of an entity that already holds the approval from the Malta Financial Services Authority (MFSA). This development will enable OKX to provide regulated derivative products throughout all European Economic Area member states.

This marks a new chapter in the company’s European journey, with operations commencing once the MFSA grants its final licensing agreement for the acquired firm.

The integration of this new entity aims to forge a seamless connection between digital assets and traditional financial operations, establishing a framework for efficient and engaging possibilities. The MiFID II license unlocks possibilities for institutional clients seeking to trade in a compliant manner within the 30 EU member states.

"At OKX, we are focused on organizational priorities, and regulatory compliance is paramount," said Erald Ghoos, the CEO of OKX Europe. "This approval serves to further strengthen our European operations and demonstrates our commitment to providing both safe and innovative services to our clients."

Earlier this year, OKX achieved the landmark of becoming the first global crypto exchange to receive a full Markets in Crypto-Assets (MiCA) license from the MFSA. These licenses empower the company to deliver localized services and products to the 28 European Economic Area markets.

The introduction of MiFID II allows OKX to expand its product range further by offering regulated derivatives to institutional clients. These clients can now enjoy seamless access to multiple crypto trading options on the OKX platform, including OTC trading alongside spot trading services and advanced, user-friendly features for automated trading.

The company's services are available to users in more than 240 cryptocurrencies, with 300 trading pair options and 60 Euro-based pairs catering to diverse investment preferences.

"We have a long-term vision for Europe," said Hong Fang, the President of OKX. "Obtaining a MiFID II license serves to advance our purpose of delivering widely accessible, regulated crypto products that empower individuals and institutions alike. We are driven by a commitment to maintaining open protocols and engaging with the community. In addition, we strive for optimal regulatory compliance as we build our operations responsibly."

The achievement was celebrated with a VIP event at Manoel Island in Malta, where the company pledged to boost customer satisfaction further by offering improved KYC procedures, more payment methods, and advanced, localized product functions.

The firm intends to create a powerful local presence in Europe through its partnerships with prominent influencers, hosting engaging events, and collaborating with regional rising stars in the industry. As OKX continues its European expansion, it remains dedicated to fostering a secure and regulated digital asset ecosystem that benefits both individuals and institutions.