OKX Expands to 28 EEA Nations with MiCA License
In a groundbreaking move, OKX has made a significant entrance into the European markets by extending its services to cover 28 member states of the European Economic Area (EEA). Securing a MiCA license, OKX has become one of the first exchanges to achieve this milestone, marking a new chapter in the world of cryptocurrency trading.
The crypto exchange, headquartered in Malta, proudly announced its expansion, allowing users in 28 EEA countries to access its MiCA-compliant services. With an estimated reach of over 400 million Europeans, OKX is set to make a substantial impact on the region’s crypto landscape.
OKX’s European Expansion
As part of its strategic growth plan, OKX revealed that it is now operational in a wide array of countries across the EEA. From Austria to Sweden, the exchange is now present in nations like Belgium, Greece, Ireland, and Spain, offering its innovative trading services to users in these regions.
The recent development follows OKX’s successful acquisition of a MiCA license, which has paved the way for the exchange to operate in the EU under the new regulatory framework. With this license, OKX has the flexibility to expand its services to all EU countries, provided it adheres to the stringent regulatory standards set forth by the authorities.
Enhanced Services for European Users
In a bid to cater to its new European clientele, OKX has rolled out a range of features and benefits. The exchange now boasts over 60 euro-based trading pairs, along with a vast selection of more than 240 cryptocurrency tokens and 300 trading pairs, offering users a diverse and comprehensive trading experience.
Moreover, European users can now enjoy seamless transactions, as OKX allows for free deposits and withdrawals in euros via bank transfers. Additionally, users have the option to purchase crypto assets using cards and other popular local payment methods, making the process more convenient and accessible.
To further enhance user experience, OKX has introduced local currency options, tailored products based on regional preferences, and multilingual customer support for each country. The platform also offers different interfaces to cater to both novice traders and seasoned professionals, ensuring that users of all levels can navigate the platform with ease.
The journey to obtaining the MiCA license began for OKX in late January, when the exchange became the first virtual assets cryptocurrency platform to secure pre-authorization under the MiCA framework. In alignment with MiCA regulations, OKX discontinued its USDT trading pairs within the EEA in March 2024, signaling its commitment to compliance and regulatory standards.
As OKX continues to make waves in the European markets, the exchange remains steadfast in its mission to provide innovative and secure trading services to users across the region. With its MiCA license in hand, OKX is poised to set new standards for cryptocurrency exchanges, offering a reliable and user-friendly platform for European traders to engage in the exciting world of digital assets.
