OKX has reached a significant milestone, as it is the first VFA exchange pre-authorization under MiCA. This certainly opens the door to localized crypto services for more than 400 million Europeans.
The corporation will operate through its European Economic Area hub located in Malta. The hub will allow OKX to offer regulated crypto exchange products, including OTC, spot, and bot trading. Customers can access more than 240 cryptocurrencies across 260 trading pairs and enjoy euro-based trading with more than 60 pairs.
Services offered on OKX will cater to local needs and requirements. Language, currencies, and customer support will all be in the local language. The site will also display local currencies and have localized support for customers. The Malta base will be the firm’s passporting location for access to 30 EEA countries under the new MiCA structure.
This development makes it easier to trade cryptos in Europe by giving access to digital assets in a secure and compliant manner. There are free euro deposits and withdrawals via bank transfers, and the purchases of crypto with trusted payment methods are seamless.
OKX combines innovation with reliability
OKX also boasts industry-leading reliability, with 99.99% average uptime and transparent Proof of Reserves for the trust factor. Its exchange is both for centralized trading and decentralized use of innovative tools appropriate to all degrees of customers.
Malta represents a state-of-the-art regulatory environment, with a very robust technological infrastructure corresponding to the company’s choice. OKX has already obtained a Class 4 VASP license from the Malta Financial Services Authority, MFSA, to further extend its presence in the region.
