The prominent crypto exchange just snagged a new license under Europe’s MiCA framework, and it’s about to shake things up across 28 EEA nations.
This means they’re moving from a chaotic patchwork of regulations to a more streamlined approach, making it easier for users to access their services.
Serving new markets
On Tuesday, OKX proudly announced that it’s one of the first global exchanges to be licensed under the Markets in Crypto-Assets framework, and this approval allows them to offer fully compliant crypto services to over 400 million European residents, all while operating from their Malta hub.
With this new passporting right, OKX can now spread its wings across a whole bunch of countries, including Austria, France, Germany, Spain, and Sweden, just to name a few. So, what does this mean for the investors?
Euro deposits through bank transfers
Well, if you’re an OKX user in Europe, you can open a treasure trove of services, metaphorically speaking. They offer everything from over-the-counter trading to spot trading and even bot trading.
With access to more than 240 cryptocurrency tokens and 300 trading pairs, including over 60 Euro-based ones, there’s plenty to keep traders busy.
And here’s the cherry on top, European customers can deposit and withdraw Euros for free through bank transfers and buy crypto using local payment methods.
Plus, OKX is making sure your experience is as smooth as possible by offering localized platforms with support in regional languages and currency options.
The progress is unstopable
Erald Ghoos, CEO of OKX Europe, expressed his excitement about this milestone, and emphasized their commitment to providing secure and transparent services tailored for local users.
“We’re making crypto trading more accessible than ever.”
With over 60 million customers globally, OKX is positioning itself as a top choice for both newbies and seasoned traders.
As Europe moves closer to a unified regulatory area with MiCA at the helm, OKX’s new passporting rights not only boost user confidence but also challenge other platforms to step up their game.
The big question remains, will this centralized oversight help the crypto sector thrive or stifle its growth? We don’t know it yet, but one thing’s for sure. OKX is ready to lead the charge.
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