OKX chooses Malta as MiCA hub to serve 450 million EU residents
Summary
OKX has chosen Malta as its Market in Crypto-Assets (MiCA) hub to serve 450 million EU residents. This strategic move will enable the exchange to offer compliant services and easy deposit and withdrawal connectivity to local bank accounts. OKX plans to offer spot trading, including EUR and USDC pairs, and comprehensive crypto services under the MiCA framework. Malta was chosen for its high regulatory standards, comprehensive regulatory framework for blockchain technology, robust infrastructure, and local team. MiCA, a regulatory framework by the EU, is already affecting crypto operations in Europe, with the first phase targeting stablecoins taking effect on June 30. Circle and Cardano have taken steps to comply with MiCA regulations.
