OKX has obtained a Markets in Crypto-Assets Regulation (MiCA) pre-authorization license, according to a Jan. 23 statement shared with CryptoSlate.
The exchange plans to operate in the European Economic Area (EEA) through its Malta-based hub, offering services to over 400 million users.
MiCA provides a unified regulatory framework for the EU crypto market with the goal of prioritizing consumer protection, transparency, and market integrity. The regulation includes robust anti-money laundering requirements to keep malicious actors outside the financial system.
The MiCA framework simplifies market access for crypto businesses in the EEA through cross-state provisions. This feature allows licensed entities to operate in multiple European Union (EU) countries without requiring separate regulatory approvals.
OKX intends to leverage this advantage to expand across the region.
Planned services
Once granted a full MiCA license, OKX will provide a range of offerings, including spot trading, over
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