OKX has received a Markets in Financial Instruments Directive (MiFID II) license which, once approved, will allow it to offer regulated derivatives products across the EU.
Key conclusions
- MiFID II License: OKX will be licensed to offer derivatives and institutional services in Europe.
- European coverage: The MiFID II license together with the MiCA license allows OKX to operate in 28 European markets.
- Local support: OKX provides local language support and zero euro deposit/withdrawal fees for European users.
- Plans for the future: OKX is focused on regulatory compliance, local events and community engagement to continue to expand its presence in Europe.
Crypto trading, regardless of regulatory oversight, poses a significant risk to your capital. You may lose any money you have invested.
What this means for European traders
The MiFID II license marks a significant step for OKX in its development across Europe, offering a large volume of clients access to sophisticated, compliant derivatives trading products.
This license, along with OKX’s MiCA license, should ensure the platform meets the strict standards set by European regulators.
Looking ahead, OKX plans to implement seamless KYC processes, additional payment methods and localized services to ensure the platform meets the evolving needs of European traders.
About OKX
Founded in 2017, OKX is a popular crypto exchange used by more than 60 million traders worldwide.
In Europe, it facilitates OTC trading, spot trading, automated trading and copy trading on 240+ digital tokens covering 300+ trading pairs and 60+ EUR trading pairs.
Traders in the region can deposit and withdraw euros without any fees via bank transfers, as well as buy cryptocurrency using cards and other local methods.
OKX is a respected cryptocurrency firm established in 2017 that offers a wide range of products, from trading to NFTs. Traders can access more than 400 crypto tokens through OTC trading and derivatives. With its excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.
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