Cryptocurrency exchange OKX announced that it has chosen Malta as its headquarters for the EU under MiCA regulations.
OKX Selects Malta as MiCA Center in the EU
The cryptocurrency exchange has announced plans to launch EUR and USDC spot trading pairs and offer buying, selling, conversion and staking services to eligible EU citizens under MiCA regulations.
MiCA, which will come into full force on December 30, 2024, will allow crypto asset exchanges to operate across EU member states and provide services across the region.
OKX's local subsidiary, Okcoin Europe Ltd, has held a Virtual Financial Assets Service Provider license issued by the Malta Financial Services Authority since 2021.
This strategic move aims to leverage Malta's favorable regulatory environment and OKX's existing license to expand its footprint in the European market and offer a wider range of services to its users.
What is MiCA?
Crypto-Asset Markets (MiCA) regulation is a regulatory framework proposed by the European Union (EU) to govern the issuance and delivery of crypto-assets-related services.
MiCA strives to foster innovation while protecting consumers and participants in the rapidly evolving crypto asset market. It sets out rules and licensing requirements for crypto asset service providers operating across the EU.
*This is not investment advice.