OKX obtains the MiCA license and Passporting: expansion into the 28 EEA countries

OKX, one of the leading cryptocurrency exchanges globally, has announced that it is among the first operators to have obtained the MiCA (Markets in Crypto-Assets) license and Passporting rights. 

This milestone allows OKX to offer its regulated services to over 400 million citizens in 28 countries of the European Economic Area (EEA). The exchange has established its European hub in Malta, from where it will operate in compliance with MiCA regulations.

OKX expands in Europe thanks to the MiCA license

The MiCA regulation, approved by the European Union, establishes a unified regulatory framework for cryptocurrencies, ensuring greater security for users and investors. Thanks to Passporting rights, OKX can now operate without having to apply for separate licenses in each EU member country, simplifying access to crypto services for millions of users.

Starting today, OKX users in the 28 EEA countries can access a more localized platform that complies with European regulations. Among the main advantages:

• Local payment methods and free Euro deposits via bank transfer.
• Platform and customer support in local language, for more efficient assistance.
• Over 270 criptovalute and 300+ trading pairs, with new investment opportunities.
• Greater security and transparency, thanks to compliance with the MiCA regulation.

The expansion of OKX in Europe

Obtaining the MiCA license was a crucial step for OKX, which aims to strengthen its presence in regulated markets. Erald Ghoos, CEO of OKX Europe, stated:

“Obtaining the MiCA license and Passporting rights highlights our commitment to providing secure, transparent, and localized crypto services throughout the EEA. Support for local languages, currencies, and payment methods makes cryptocurrency trading more accessible. OKX is the new European alternative for crypto finance, and this milestone solidifies our position as the ideal platform for users of every level.”

With over 60 million customers globally, OKX continues its expansion in onshore markets, aiming to obtain new licenses and comply with local regulations. In 2024, the company obtained four new licenses and established itself in seven new regulated markets.

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Conclusions

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Obtaining the MiCA license and the consequent right of Passporting represent an important milestone for OKX, which positions itself as a leader in the crypto sector in Europe. 

With a compliant infrastructure and localized services, OKX aims to revolutionize cryptocurrency trading in the EEA, offering users a regulated, secure, and accessible alternative.