The trading platform OKX has acquired a Markets in Financial Instruments Directive (MiFID II) license by purchasing an existing company in Malta. This acquisition allows OKX to offer regulated derivatives and investment products in the European Economic Area (EEA).
These services are yet to be cleared by the Malta Financial Services Authority (MFSA), and the exchange plans to offer them later in the year. This milestone expands the reach of OKX in Europe, as it integrates its digital asset services into traditional financial systems.
The exchange wants to offer institutional products such as exotic options and hedging instruments, all of which must meet the requirements of the European legal framework.
OKX already has a full Markets in Crypto-Assets (MiCA) license, which allows it to provide localized crypto trading across the 30 countries of the European Union. OKX has stated its intention to improve institutional connectivity, add more fiat pairing options, and facilitate euro transactions following the approval of MiFID II.
The exchange currently supports more than 240 tokens, 300 trading pairs, and 60 euro-based pairs. It also has a local language option, regional customer support, and easy KYC procedures.
For instance, Binance recently declared that all the stablecoin pairs that are not compliant with the MiCA regulation will be delisted for EEA users, which shows that Europe is becoming more regulatory.
Erald Ghoos, the CEO of OKX Europe, stated that the license will enable OKX to work with some of the best financial institutions and increase investment access across the continent.
Thus, obtaining a MiFID II license puts OKX at the forefront of the regulated European crypto market and provides institutional investors with safe and compliant services.
Also Read: Binance to Delist All USDT Trading Pairs in European Countries
