As MiCA certification turns into the norm, much more corporations are asserting their not too long ago acquired allow to perform in Europe. OKX is 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 spread of regulated crypto companies 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 lots many issues. MiCA’s regulatory framework for crypto property strives for safety and transparency within the crypto house.
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 offers entry to 60 plus euro-based tokens.
For customers who’re planning to make use of OKX for his or her investments, the platform provides an enhanced person expertise. The OKX app might be that includes an area language choice, forex shows and a buyer help tailor-made for particular areas within the EEA.
We’re proud to be the primary international alternate to safe a MiCA license!
Our absolutely regulated crypto merchandise at the moment are set to roll out to 400M+ individuals throughout Europe.
This can be 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 prices. The flexibility for customers to buy crypto utilizing their playing cards and different trusted localized cost strategies is nice too.
Erald Ghoos, OKX’s Europe CEO mentioned, “The complete 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 offers a powerful basis for the trade’s progress.”
Discover: MiCA-Compliant Stablecoins Dominate European Market. BTC-EUR Buying and selling Pair Thrives!
So, Who’s MiCA Compliant and Who’s Not?
A number of cryptocurrency exchanges have already acquired their licenses below the MiCA regulation. MoonPay made their MiCA license official final month. Since then, a rating of corporations have gone forward and acquired their licenses. BitStaete, ZBD and Hidden Highway acquired their MiCA license from the Dutch authority. Whereas corporations like Socios.com and Crypto.com acquired their license in Malta.
Crypto Finance, a subsidiary of Deutsche Boerse and Bitpanda acquired 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 below MiCAs laws as a transfer to broaden its European presence.
There are corporations which are nonetheless engaged on getting their license. ByBit for instance is presently actively pursuing its license in Austria. In response to MiCA’s compliance necessities, the corporate has made the mandatory determination to regulate the supply of its services in Europe in the meanwhile.
Gemini too is working onerous to get its license permitted for operations within the EU. The corporate not too long ago moved its headquarters from Dublin to Malta in a bid to quick observe its license approval. The corporate presently holds a VASP license in six nations – 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 will not be but MiCA licensed. In December, Coinbase delisted a number of crypto property 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 Underneath MiCA Laws
The submit OKX Receives MiCA Certification, Becoming a member of Robinhood, BitPanda In EU Operations; Gemini Awaits Approval appeared first on 99Bitcoins.
