Bitcoin Exchange OKX Chooses This Country as the Center for Its European Operations! Here Are the Details

Krypto para stock exchange OK, MiCA as the centre for the EU under its regulations Malta announced his choice.

OKX Chooses Malta as MiCA Hub in EU

The cryptocurrency exchange has announced plans to launch EUR and USDC spot trading pairs and offer buying, selling, conversion, and staking services to eligible EU residents under MiCA regulations.

Coming into full force on December 30, 2024, MiCA will allow crypto asset exchanges to operate across EU member states and provide services across the region.

OKX’s local subsidiary, Okcoin Europe Ltd, has held a Virtual Financial Assets Service Provider license issued by the Malta Financial Services Authority since 2021.

This strategic move aims to leverage Malta’s favourable regulatory environment and OKX’s existing licence to expand its footprint in the European market and offer a wider range of services to its users.

What is MiCA?

The Markets in Crypto-Assets (MiCA) regulation is a regulatory framework proposed by the European Union (EU) to govern the granting and provision of services related to crypto assets.

MiCA seeks to protect consumers and participants in the rapidly evolving crypto asset market while encouraging innovation. It sets out rules and licensing requirements for crypto asset service providers operating across the EU.

*This is not investment advice.