OKX Expands Its Services to Germany and Poland: Insights from the Nordics GM on MiCA Regulations
OKX has officially launched its regulated crypto exchange in Germany and Poland, following the acquisition of a MiCA license. The Nordics GM discusses the ongoing regulatory landscape and implications for stablecoins.
On June 17, 2025, global cryptocurrency exchange OKX launched its fully regulated centralized exchange in Germany and Poland. This initiative follows the acquisition of a Markets in Crypto-Assets (MiCA) license from Malta’s Financial Services Authority on January 27, 2025.
“Today’s a significant day for us at OKX—and for crypto users across Europe,” the company stated in its press release.
General Manager for Central Europe and the Nordics, Moritz Putzhammer, led this expansion alongside Gabriel Manduca as General Manager for Eastern Europe. On the same day, Putzhammer participated in the Nordics Blockchain Association event, discussing the implications of MiCA regulations.
Moritz @Bizzar0m0 took the stage at #nbc2025 with a distinguished panel discussing various topics, from Bitcoin to stablecoins and security measures. The momentum for crypto adoption is gaining traction in the Nordics. — Mikael @ OKX June 18, 2025
Putzhammer noted that while MiCA presents positive regulatory frameworks, there are significant areas that need clarification, especially concerning stablecoins.
“One major product we offered was a USDC interest option, yielding almost nine percent. Unfortunately, due to regulations prohibiting interest on stablecoins, we’ve had to discontinue that service. It’s critical we protect customers, but opinions on the need for such protections vary," he remarked, expressing a personal viewpoint.
Putzhammer expressed optimism about stablecoins, highlighting their potential for facilitating swift transactions.
“The beauty of stablecoins lies in their interoperability. You can send money worldwide in mere seconds,” he stated, indicating that the conversation around real-world assets (RWAs) and tokenized bills will be crucial moving forward.
OKX strives to stay ahead in the regulated landscape, emphasizing their transparency through 31 months of consecutive Proof of Reserves reports. In Germany and Poland, they offer deep liquidity, low fees, and access to over 270 cryptocurrencies, compliant with regional regulations.
