Crypto exchange Okx announced on Feb. 18 that it has expanded its services to 28 European Economic Area (EEA) countries after securing a Markets in Crypto-Assets (MiCA) license. This regulatory approval, granted by the Malta Financial Services Authority (MFSA), enables Okx to “passport” its services across Europe under a unified framework.

Erald Ghoos, CEO of Okx Europe, emphasized the significance of this achievement, stating:

We now offer fully regulated, localized crypto services to over 400 million people in 28 EEA countries, all through our European hub in Malta.

“Whether you’re in France, Germany, Spain, or any of the other Member States, you now have access to our cutting-edge crypto products with local payment methods and currency options,” he added. With this license, Okx aims to provide a secure and accessible crypto trading experience tailored to European users.

As part of its European expansion, Okx has introduced localized services to enhance user experience. The platform supports spot trading, bot trading, and over-the-counter (OTC) trading, offering more than 240 cryptocurrencies across over 300 trading pairs, including 60 euro-based pairs. European users can deposit and withdraw euros for free via bank transfers and purchase crypto using local payment options such as debit and credit cards.

Okx’s expansion into the EEA aligns with its broader global growth strategy. In 2024, the exchange entered seven onshore markets and secured four new licenses and registrations. With MiCA compliance now in place, Okx positions itself as a leading regulated crypto platform in Europe. Several other exchanges have also obtained MiCA licenses, including Austria-based Bitpanda, which received approval from Germany’s Federal Financial Supervisory Authority (BaFin), and Crypto.com, which was licensed by Maltese regulators. These developments reflect a growing trend of exchanges securing regulatory approval to offer compliant services across Europe.

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