OKX Acquires MiFID II License to Offer Derivatives in Europe

The trading level OKX has acquired a Markets successful Financial Instruments Directive (MiFID II) licence by purchasing an existing institution successful Malta. This acquisition allows OKX to connection regulated derivatives and concern products successful the European Economic Area (EEA).

These services are yet to beryllium cleared by the Malta Financial Services Authority (MFSA) and the speech plans to connection them aboriginal successful the year. This milestone expands the scope of OKX successful Europe, arsenic it integrates its integer plus services into accepted fiscal systems. 

The speech wants to connection organization products specified arsenic exotic options and hedging instruments, each of which indispensable conscionable the requirements of the European ineligible framework.   

OKX already has a afloat Markets successful Crypto-Assets (MiCA) license, which allows it to supply localized crypto trading crossed the 30 countries of the European Union. OKX has stated its volition to amended organization connectivity, adhd much fiat pairing options, and facilitate euro transactions pursuing the support of MiFID II.  

The speech presently supports much than 240 tokens, 300 trading pairs, and 60 euro-based pairs. It besides has a section connection option, determination lawsuit support, and casual KYC procedures.  

For instance, Binance precocious declared that each the stablecoin pairs that are not compliant with the MiCA regularisation volition beryllium delisted for EEA users, which shows that Europe is becoming much regulatory.  

Erald Ghoos, the CEO of OKX Europe, stated that the licence volition alteration OKX to enactment with immoderate of the champion fiscal institutions and summation concern entree crossed the continent.  

Thus, obtaining MiFID II licence puts OKX astatine the forefront of the regulated European crypto marketplace and provides organization investors with harmless and compliant services.

Also Read: Binance to Delist All USDT Trading Pairs successful European Countries