OKX He has assured the markets of the European Union in the regulation license of the Crypto Assels (Mica), positioning himself as the first global encryption exchange to achieve this regulatory milestone.
- The license It allows OKX to offer regulated services, including trade, wallets and institutional solutions, more than 400 million people in 30 countries in the European economic area (EEE), starting from its center of Malta.
Why is this important?
- Mica’s license It looks like a “gold standard” for cryptographic regulation, allowing OKX to function under a unified framework throughout the EEE.
- It also indicates the growing influence of Europe In the configuration of global cryptography standards, with the MICA framework providing comprehensive guidelines for cryptographic platforms. (Read more: What does Mica mean for the global cryptography industry)?
Key details:
- OKX It will use Mica’s “passport” function to expand from malt to 30 states without separate licenses.
- Located offers:
- Free euro deposits/retreats through bank transfers.
- More than 240 cryptocurrencies, 260+ negotiation pairs (including 61 pairs of euros).
- Personalization of the platform in Languages and Local Coins.
OKX It has its activity time of 99.99%, reservation test audit and this new compliance to serve users in Europe.
This license is our promise for things to keep things safe, transparent and avant -garde while we keep fully compatible with the rigorous standards of Europe.
Eard accounts, European CEO, OKX
End: The MICA license seems to be a strategic play to capture the European cryptography market, all while establishing a precedent for large -scale digital asset services they meet.
However: Mica has strict rules of Stablecoin, which could remodel how exchanges as OKX will handle Europedes assets.
What follows?
- OKX plans to activate services in Belgium, the Netherlands and other EEE markets for the second quarter of 2025.
- Association With the 1/2 layer block chains, the stablecoin emitters and traditional banks aim to join cryptography and inherited finance.
This article is published in Bitpins: OKX ensures the complete MICA license, unlocking the expansion of the EU
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