As MiCA certification becomes the norm, a lot more companies are announcing their recently acquired permit to function in Europe. OKX is yet another blockchain company that announced on 27 January 2025 that it is MiCA certified.
The company is now certified to offer its full range of products and services across the 27 member EU states. For investors in Europe this is good news. They now have access to a range of regulated crypto services including OTC trading, Bot trading, Spot trading and Copy trading.
For investors new to crypto, a regulated company can alleviate a lot many concerns. MiCA’s regulatory framework for crypto assets strives for security and transparency in the crypto space.
With OKX’s now MiCA certified, investors can take advantage of over 240 crypto tokens across 260 pairs on the platform without any sense of apprehension. The platform also gives access to 60 plus euro-based tokens.
For users who are planning to use OKX for their investments, the platform offers an enhanced user experience. The OKX app will be featuring a local language option, currency displays and a customer support tailored for specific regions in the EEA.
We’re proud to be the first global exchange to secure a MiCA license!
Our fully regulated crypto products are now set to roll out to 400M+ people across Europe.
This is a win for crypto, a milestone for regulation, and a step toward mass adoption.
Learn more:… pic.twitter.com/SpFVSeMGCK
— OKX (@okx) January 27, 2025
Bonus points for increased accessibility as the app will let users deposit and withdraw without any extra charges. The ability for users to purchase crypto using their cards and other trusted localized payment methods is good too.
Erald Ghoos, OKX’s Europe CEO said, “The full MiCA license marks a pivotal step in OKX’s journey as a responsible leader in the global crypto ecosystem. Europe holds immense potential as a cornerstone for blockchain technology, and the MiCA framework provides a strong foundation for the industry’s growth.”
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So, Who’s MiCA Compliant and Who’s Not?
Several cryptocurrency exchanges have already received their licenses under the MiCA regulation. MoonPay made their MiCA license official last month. Since then, a score of companies have gone ahead and received their licenses. BitStaete, ZBD and Hidden Road received their MiCA license from the Dutch authority. While companies like Socios.com and Crypto.com received their license in Malta.
Crypto Finance, a subsidiary of Deutsche Boerse and Bitpanda received their licenses on 27 January 2025. Robinhood too announced their entry into Spain on 21 January 2025. The company is offering crypto trading and staking under MiCAs regulations as a move to broaden its European presence.
There are companies that are still working on getting their license. ByBit for example is currently actively pursuing its license in Austria. In response to MiCA’s compliance requirements, the company has made the necessary decision to adjust the availability of its products and services in Europe for the time being.
Gemini too is working hard to get its license approved for operations in the EU. The company recently moved its headquarters from Dublin to Malta in a bid to fast track its license approval. The company currently holds a VASP license in six countries – Malta, France, Ireland, Spain, Italy and Greece.
Explore: Tether’s USDT To Be Delisted On Crypto.Com, Nine Other Tokens At Risk
Tether and Coinbase are not yet MiCA certified. In December, Coinbase delisted several crypto assets and USDT that didn’t comply with MiCA regulations. Tether too has been given a deadline to delist their USDT by 31 January 2025.
Explore: Robinhood Expands To Spain, Offering Crypto Trading And Staking Under MiCA Regulations
The post OKX Receives MiCA Certification, Joining Robinhood, BitPanda In EU Operations; Gemini Awaits Approval appeared first on 99Bitcoins.
