As MiCA certification turns into the norm, much more firms are saying their just lately acquired allow to operate in Europe. OKX is yet one more blockchain firm that introduced on 27 January 2025 that it’s MiCA licensed.
The corporate is now licensed to supply its full vary of services throughout the 27 member EU states. For traders in Europe that is excellent news. They now have entry to a variety of regulated crypto providers together with OTC buying and selling, Bot buying and selling, Spot buying and selling and Copy buying and selling.
For traders new to crypto, a regulated firm can alleviate loads many considerations. MiCA’s regulatory framework for crypto belongings strives for safety and transparency within the crypto area.
With OKX’s now MiCA licensed, traders can reap the benefits of over 240 crypto tokens throughout 260 pairs on the platform with none sense of apprehension. The platform additionally provides entry to 60 plus euro-based tokens.
For customers who’re planning to make use of OKX for his or her investments, the platform affords an enhanced person expertise. The OKX app shall be that includes an area language choice, forex shows and a buyer assist tailor-made for particular areas within the EEA.
We’re proud to be the primary international trade to safe a MiCA license!
Our absolutely regulated crypto merchandise at the moment are set to roll out to 400M+ folks throughout Europe.
It is a win for crypto, a milestone for regulation, and a step towards mass adoption.
Study extra:… pic.twitter.com/SpFVSeMGCK
— OKX (@okx) January 27, 2025
Bonus factors for elevated accessibility because the app will let customers deposit and withdraw with none further expenses. The flexibility for customers to buy crypto utilizing their playing cards and different trusted localized fee strategies is sweet too.
Erald Ghoos, OKX’s Europe CEO mentioned, “The total MiCA license marks a pivotal step in OKX’s journey as a accountable chief within the international crypto ecosystem. Europe holds immense potential as a cornerstone for blockchain know-how, and the MiCA framework supplies a powerful basis for the trade’s development.”
Discover: MiCA-Compliant Stablecoins Dominate European Market. BTC-EUR Buying and selling Pair Prospers!
So, Who’s MiCA Compliant and Who’s Not?
A number of cryptocurrency exchanges have already obtained their licenses beneath the MiCA regulation. MoonPay made their MiCA license official final month. Since then, a rating of firms have gone forward and obtained their licenses. BitStaete, ZBD and Hidden Highway obtained their MiCA license from the Dutch authority. Whereas firms like Socios.com and Crypto.com obtained their license in Malta.
Crypto Finance, a subsidiary of Deutsche Boerse and Bitpanda obtained their licenses on 27 January 2025. Robinhood too introduced their entry into Spain on 21 January 2025. The corporate is providing crypto buying and selling and staking beneath MiCAs laws as a transfer to broaden its European presence.
There are firms which can be nonetheless engaged on getting their license. ByBit for instance is at the moment actively pursuing its license in Austria. In response to MiCA’s compliance necessities, the corporate has made the required determination to regulate the provision of its services in Europe in the interim.
Gemini too is working onerous to get its license accredited for operations within the EU. The corporate just lately moved its headquarters from Dublin to Malta in a bid to quick monitor its license approval. The corporate at the moment holds a VASP license in six international locations – Malta, France, Eire, Spain, Italy and Greece.
Discover: Tether’s USDT To Be Delisted On Crypto.Com, 9 Different Tokens At Threat
Tether and Coinbase usually are not but MiCA licensed. In December, Coinbase delisted a number of crypto belongings and USDT that didn’t adjust to MiCA laws. Tether too has been given a deadline to delist their USDT by 31 January 2025.
Discover: Robinhood Expands To Spain, Providing Crypto Buying and selling And Staking Below MiCA Laws
The publish OKX Receives MiCA Certification, Becoming a member of Robinhood, BitPanda In EU Operations; Gemini Awaits Approval appeared first on 99Bitcoins.
