OKX Secures MiFID II License In Europe
OKX has secured a Markets in Financial Instruments Directive (MiFID II) license, which following approval, will enable it to offer regulated derivative products across the EU.
Key Takeaways
- MiFID II License: OKX will be licensed to offer derivatives and institutional services in Europe.
- European Reach: The MiFID II license, along with its MiCA license, enables OKX to operate across 28 European markets.
- Local Support: OKX provides local language support and zero-fee euro deposits/withdrawals for European users.
- Future Plans: OKX is focused on regulatory compliance, local events, and community engagement to continue expanding its European presence.
Trading crypto, regardless of regulatory oversight, represents a significant risk to your capital. You could lose any money you invest.
What This Means For European Traders
The MiFID II license marks a significant step for OKX in its growth across Europe, offering high-volume clients access to sophisticated, compliant derivative trading products.
This license, alongside OKX’s MiCA license, should ensure the platform meets the rigorous standards set by European regulators.
Looking ahead, OKX has plans to introduce seamless KYC processes, additional payment methods, and localized services to ensure the platform meets the evolving needs of European traders.
About OKX
Established in 2017, OKX is a popular crypto exchange that’s used by over 60 million traders worldwide.
In Europe, it facilitates OTC trading, spot trading, automated trading, and copy trading on 240+ digital tokens spanning 300+ trading pairs and 60+ Euro trading pairs.
Traders in the region can deposit and withdraw Euros without any fees through bank transfers, and also purchase cryptocurrency using cards and other local methods.
