OKX Now Fully Licensed Under MiCA to Operate Across the EU | Airdrop Alert Pro

OKX has become one of the first crypto exchanges to obtain European service authorization. The trading platform has obtained a Mica (market in Crypto-Assets) license.

By obtaining this license, OKX is expanding its capabilities in the European market and enhancing its reputation as a reliable partner for European investors and traders.

What does mica license mean for OKX

For OKX, Mica license There is an opportunity to expand to 28 countries within the European Economic Area (EEA). Now, crypto exchanges can provide fully regulated and partial crypto products and services to 400 million Europeans in 28 countries.

and, OKX’s European hub Will be located in Malta. Customers of the platform will have access to a reliable and secure infrastructure, including OTC transactionsspot trading and robot trading. They also have access to more than 240 cryptocurrencies and 60 trading pairs with the euro.

Users can deposit and withdraw euros for free through bank transfers and easily purchase cryptocurrencies using cards and other popular local payment methods.

The Mica License also grants OKX passport rights, which means that the company can provide services in other EU countries if registered and licensed in one of its member states. This greatly simplifies business expansion and expansion, allowing OKX to operate under a unified regulatory framework in all EU countries.

In response to local market demand, OKX promises to provide a seamless user experience, including local language platforms and support for popular local payment methods.

“The right to ensure mica licenses and obtains the right to passport emphasizes our unwavering commitment to providing secure, transparent and localized crypto services within the EEA. With support for local languages, currencies and payment methods, we Making cryptocurrency trading easier than ever. OKX is a new alternative to European cryptocurrencies, and milestones cement our position as the preferred platform for EEA beginners and advanced customers,” Chief Executive Officer of OKX Europe Erald Ghoos Executive Erald Ghoos explain.

The Road to Mica: Challenges and Achievements

The process of obtaining a mica license is long. As OKX rep pointed out in his comments on Beincrypto, the whole process took a year. During this period, the exchange updated its policies and procedures, established the correct team structure, and made necessary adjustments to the product products.

“The overall preparations have been underway for over a year. This includes participating in various industry working groups, responding to ESMA’s 3 consultation documents, updating policies and procedures, and strengthening our team to prepare for growth,” the OKX team explained.

OKX filed its full mica application on September 1, 2024 and after meeting all the conditions set by the MFSA, the exchange obtained its full mica license on January 27, 2025.

OKX has a great advantage – the platform already held a VFA Class 4 license issued by MFSA in Malta before starting to prepare mica for mica licenses. This license is the highest license in Malta, so the transition to a mica license is a smoother process.

“The VFA Class 4 license was the highest license table available at the time, so the improvement from our VFA Class 4 license to the actual mica license is relatively small. We have complied with the highest standards in Europe,” the Exchange representative emphasized.

OKX has served over 60 million customers worldwide and continues to develop centralized (CEX) and decentralized exchange platforms. In 2024, the exchange further consolidated its position in the international market by providing services in seven new countries and obtaining four new licenses.

For beginners, Mica (market in the crypto resource market) It is the new regulation of the EU’s crypto market. The legislation will come into effect in the summer of 2025.

The main goal of mica is to establish unified standards and rules Crypto companies Operate within the EU. This is designed to protect investors, prevent fraud and ensure the stability of the entire financial market.

To obtain a mica license, cryptocurrency exchanges must meet some mandatory requirements. The first cryptocurrency exchange to obtain a mica license It’s crypto.com.