In a dazzling display of regulatory acrobatics, OKX has pirouetted into the European arena, clutching the coveted Markets in Financial Instruments Directive license like a trophy fish caught in the murky waters of bureaucracy. 🐟
With the finesse of a seasoned magician, the crypto exchange’s European arm has conjured this license from the ether, following the acquisition of a Malta-licensed firm that, lo and behold, already possessed the illustrious MiFID II license. The entity, shrouded in mystery, is poised to unfurl its operations later this year, pending the obligatory nods from the Malta Financial Services Authority—because who doesn’t love a good bureaucratic tango? 💃
While OKX has chosen to keep the identity of its newly acquired entity under wraps, it did unveil this milestone at an exclusive soirée in Malta, where the champagne flowed as freely as the regulatory jargon. 🍾
“Securing a MiFID II license marks a significant milestone in our mission to integrate digital assets with traditional financial markets,” proclaimed OKX Europe’s chief executive officer, Erald Ghoos, with all the gravitas of a Shakespearean actor. “With this license, we are set to deliver institutional-grade services, partner with tier 1 financial institutions, and offer regulated investment solutions that enhance market access and empower investors across the continent.” Ah, the sweet sound of ambition! 🎭
OKX’s MiFID II milestone follows its audacious leap into the regulatory limelight back in late January 2025, when it became the first global cryptocurrency exchange to snag the EU’s full Markets in Crypto Assets license. MiCA, as it’s affectionately known, has allowed the exchange to offer localized products and services, passporting these across the EU like a well-traveled diplomat. 🛂
Available products include spot trading, over-the-counter trading, and copy trading—because who wouldn’t want to mimic the trading prowess of a seasoned investor? The exchange boasts a veritable cornucopia of over 240 cryptocurrencies and more than 60 euro-based trading pairs. With the MiFID II license in its arsenal, OKX is set to expand its European footprint, rolling out regulated derivatives products that promise to tantalize institutional investors across the continent. 🌍
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2025-03-12 23:06