The post OKX secures MiCA license, now passporting crypto services to 28 EEA countries appeared on BitcoinEthereumNews.com.

OKX has officially been added to the list of MiCA-licensed global crypto exchanges to passport its services across Europe. The exchange that secured its MiCA license on January 27, 2025, can now offer crypto services to over 400 million people in 28 EEA countries. OKX says that users will have access to more than 240 digital tokens and trade across 300 pairs, with more than 60 pairs based on euros. Customers across the EEA can access the platform’s infrastructure. This includes over-the-counter (OTC) trading, spot trading, and bot trading. In addition, customers from Europe can use famous local payment methods to buy crypto coins and deposit and withdraw Euros for free through bank transfers. OKX is available in the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden. This is a major milestone for the exchange. MiCA regulations stiffened last year, allowing only a few exchanges access to Europe. Major exchanges like Binance have not yet gotten access to several nations in the EU. OKX has joined exchanges like Bitpanda and Crypto.com, which use passporting. OKX expansion – what does this mean? OKX received a license from the Malta Financial Services Authority (MFSA) in the Republic of Malta. Luckily, passporting is an important part of the MiCA framework because it lets companies licensed in one EU country offer their services to all EU member states without getting any extra permissions. OKX plans to passport. Erald Ghoos, CEO of OKX Europe, said, “Securing the MiCA license and achieving passporting rights underscores our unwavering commitment to providing secure, transparent, and localized crypto services across the EEA.” He added, “With support for local languages, currencies, and payment methods, we are…

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Filed under: News - @ February 18, 2025 3:27 pm