OKX Becomes First Crypto Exchange to Secure MiCA Pre-Authorization
In the latest development, OKX has become the first cryptocurrency exchange to receive pre-authorization from the Markets in Crypto-Assets Regulation (MiCA), allowing it to expand into Europe. Once fully licensed, OKX will provide crypto services to more than 400 million people in Europe through its Malta hub. The MiCA license will allow OKX to offer a wide range of regulated crypto products, including OTC, spot trading and bot trading, covering more than 240 cryptocurrency tokens across 260 trading pairs and 60 EUR trading pairs. OKX plans to improve user experience through localization services, including providing local language support, regional currency display and customized customer assistance.