OKX Malta hub gains MiCA pre-authorization for European expansion
OKX has received a pre-authorization license under the Markets in Crypto-Assets Regulation (MiCA) to operate in the European Economic Area (EEA) from its Malta hub. The MiCA framework aims to enhance consumer protection, transparency, and market integrity while imposing strict anti-money laundering measures. This regulation allows licensed crypto businesses to operate across EU countries without needing separate approvals. OKX plans to offer services such as spot trading, over-the-counter transactions, and bot trading upon receiving a full MiCA license. The platform will also localize by integrating regional languages and currencies. The CEO of OKX Europe emphasized the significance of the Malta license for user security and compliance. The MiCA framework is recognized for balancing growth with consumer protection, setting a global standard for digital assets. Other exchanges, including Crypto.com, are also moving towards MiCA compliance.
