First VFA Exchange to Achieve MiCA Pre-Authorisation
Blockchain technology company OKX has become the first virtual financial assets (VFA) exchange to secure pre-authorisation under the Markets in Crypto-Assets Regulation (MiCA). This milestone paves the way for OKX to expand its regulated crypto services to over 400 million users across Europe via its Malta-based European Economic Area (EEA) hub.
Upon securing the full MiCA license, OKX will offer:
- OTC, spot, and bot trading for 240+ cryptocurrency tokens.
- Localized platforms with multi-language support, regional currency displays, and dedicated customer service.
👉 Explore OKX’s compliant crypto solutions
Why MiCA Authorization Matters
Erald Ghoos, CEO of OKX Europe, emphasized:
"This pre-authorisation validates OKX’s commitment to building a responsible, regulated crypto ecosystem. Our Malta hub, backed by the MFSA’s rigorous standards, ensures customers access secure, compliant digital asset services."
Key Benefits of MiCA Passporting:
- Single License, Pan-EEA Access: OKX will passport its Malta license to 30 EEA states, streamlining cross-border crypto services under a unified framework.
- Enhanced Trust: MiCA’s focus on consumer protection and transparency aligns with OKX’s mission to foster safe crypto adoption.
Europe: A Strategic Growth Market
Hong Fang, OKX President, noted:
"Europe’s progressive stance under MiCA sets a global benchmark. Our expansion reflects our dedication to this pivotal market and the future of digital finance."
Localized Features for EEA Users:
- Zero-fee EUR deposits/withdrawals via bank transfers.
- Crypto purchases using cards and local payment methods.
👉 Discover OKX’s European crypto offerings
Malta: The Ideal Regulatory Hub
OKX chose Malta due to its:
- Robust Crypto Regulations: MFSA’s Class 4 VASP license ensures compliance.
- Advanced Tech Infrastructure: Supports scalable, secure operations.
With 60+ million global users, OKX combines CEX and DEX platforms to deliver innovative, reliable services.
FAQs
Q: What is MiCA pre-authorisation?
A: It’s preliminary approval under EU crypto regulations, enabling OKX to prepare for full licensure and EEA-wide services.
Q: How does passporting benefit users?
A: It allows OKX to operate across 30 EEA countries with one license, ensuring consistent regulatory compliance.
Q: What crypto services will OKX offer in Europe?
A: Spot/OTC trading, bot trading, and localized fiat-crypto onboarding for 240+ tokens.
Q: Why is Malta OKX’s regulatory base?
A: Malta’s MFSA is a leader in crypto regulation, offering a secure framework for digital asset platforms.
Q: How does OKX ensure security?
A: Through MFSA compliance, advanced encryption, and transparent operations.
Conclusion
OKX’s MiCA pre-authorisation marks a pivotal step in bringing regulated, user-centric crypto services to Europe. By leveraging Malta’s stringent standards and MiCA’s passporting advantages, OKX is poised to become Europe’s go-to digital asset platform.
👉 Join OKX’s secure crypto ecosystem today
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