With the obtained authorization, OKX will be able to offer regulated, localized cryptocurrency products and services to over 400 million Europeans residing in 28 member countries of the European Economic Area (EEA) through its hub in Malta.
This announcement comes just weeks after OKX became one of the first virtual financial asset (VFA) exchanges to receive preliminary authorization under the EU's MiCA regulatory framework. At that time, the company aimed to utilize MiCA's passporting mechanisms to expand its services from Malta to all EEA member states. This system allows companies registered in one EU jurisdiction to operate across the entire region under a single regulatory framework. The goal was to simplify access to digital asset trading and investments for individuals and businesses in Europe.
Clients located in the EEA can now take advantage of OKX's secure and transparent infrastructure, including over-the-counter trading, spot trading, and bot trading, for more than 240 cryptocurrency tokens across 300 trading pairs and over 60 euro-based trading pairs.