OKX Expands to 28 Countries with MiCA License Approval

Highlights:

• OKX can now offer crypto services to over 400 million customers in 28 European countries.
• Users in Europe can trade 240 cryptocurrencies and access free Euro deposits and withdrawals.
• OKX will offer local language support and a secure platform for both beginners and advanced traders.

OKX announced that it has received regulatory approval to operate across Europe under the Markets in Crypto-Assets (MiCA) framework. The exchange was granted its MiCA license on January 27, 2025, enabling it to extend services in 28 European Economic Area member states. This approval will allow OKX to provide all of its compliant crypto services to over 400 million Europeans. The firm carries out business from its European hub in Malta.

OKX announced that it has become one of the first global cryptocurrency exchanges to obtain a MiCA license and officially operate in Europe. Through its European headquarters in Malta, OKX provides localized cryptocurrency services to users in 28 EEA countries, supporting euro…

— Wu Blockchain (@WuBlockchain) February 18, 2025

OKX will be able to launch into a number of jurisdictions without additional licenses due to the passporting rights under MiCA. The exchange can now operate in Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

OKX provides several trading options, such as OTC trading, spot trading, and bot trading. The expansion allows European customers to access a wide range of crypto services that follow EU regulations.

Expanded Services and Benefits for European Customers

OKX customers will be able to trade more than 240 cryptocurrency tokens and over 300 trading pairs. It also supports more than 60 Euro pairs for Euro-based trading. Bank transfers will now be free for European customers’ deposits and withdrawals in Euros. Users can also buy cryptocurrency with the local methods of payment available.

OKX will introduce localized features for its European customers to further improve the user experience. The exchange will support local languages in its web and mobile platforms. In addition, it will show prices in their local currencies. OKX will use many languages to offer customer support to help users in various parts of the world.

OKX joins other exchanges such as Bitpanda and Crypto.com that are also operating under a unified EU regulatory framework with its MiCA license. With this approval, OKX will be able to further solidify its position and broaden its onshore operation in the European market. The exchange is now competing with other regulated exchanges in terms of offering compliant crypto services.

Strengthening Market Position 

The expansion of OKX is part of its wider strategy to grow into many countries. The company entered seven new onshore markets and obtained four more regulatory licenses in 2024. The MiCA rules ensure that OKX meets the set standards while offering services across the EEA. The development brings greater confidence to customers looking for a secure trading platform.

OKX’s passporting rights simplify the regulations needed for its European operations. Crypto exchanges previously had to deal with a complicated system of national regulations applying to different EU countries. With the MiCA rules, businesses can now offer their services across multiple jurisdictions in a standardized manner.

OKX Europe CEO Erald Ghoos said the company is focused on compliance. In addition, he stated that the company will continue to provide secure and transparent crypto services across Europe.