OKX has received MiCA certification, allowing it to provide its services throughout all 27 EU member states. This development signifies an expansion of regulated cryptocurrency services in Europe, including options like OTC, bot, spot, and copy trading.

With this certification, OKX can offer over 240 different cryptocurrencies on its platform with heightened security and transparency. Investors will also benefit from improved user experience, featuring no fees for deposits and withdrawals, as well as options for local payment methods.

“We’re proud to be the first global exchange to secure a MiCA license! 🇪🇺\n> Our fully regulated crypto products are now set to roll out to 400M+ people across Europe.\n> This is a win for crypto, a milestone for regulation, and a step toward mass adoption.” \n> — OKX (@okx) January 27, 2025

Meanwhile, other firms such as Robinhood have begun offering crypto trading and staking in Spain under MiCA regulations. Others, like Gemini, continue to seek additional approvals, having relocated their headquarters to Malta in pursuit of swift licensing.

Key Competitors:

• MoonPay and Bitpanda have also acquired their MiCA licenses recently.
• Companies such as ByBit are working on achieving necessary compliance to operate within Europe.

Key Takeaways:

• OKX is now authorized under MiCA, enhancing its operations in Europe.
• User-friendly features are included in the OKX app for a better trading experience.
• Other companies are actively seeking MiCA approval to expand their services in the EU.