Share this article
OKX Europe Acquires MiFID II-Licensed Company in Malta
The exchange recently obtained a Markets in Crypto Assets license in Europe.
Updated Mar 12, 2025, 7:45 p.m. Published Mar 12, 2025, 5:12 p.m.
What to know:
- Crypto exchange OKX Europe has obtained a MiFID II-licensed firm in Malta, bringing it a step closer to offering derivatives in Europe.
- OKX still needs approval from Maltese regulators.
Crypto exchange OKX Europe has acquired a Malta-licensed firm with a Markets in Financial Instruments Directive II (MiFID II) license, bringing it a step closer to offering regulated derivatives products throughout Europe, the firm said in a statement on Wednesday.
STORY CONTINUES BELOW
The entity is expected to become operational later this year, once the exchange gets approval from the Malta Financial Services Authority (MFSA). The exchange did not say which firm it acquired.
With its MiFID II license, OKX will be able to provide regulated derivatives products and services to its institutional clients in the European Economic Area, which includes 27 European Union member states as well as Iceland, Liechtenstein and Norway.
This is another step solidifying the third-largest exchange in terms of market cap in the EU, the release said. It attained a Markets in Crypto Assets license from Malta in January.
Mais para você
Fintech and Crypto Firms Seek Bank Charters Under Trump Administration: Reuters
Financial technology and crypto firms are increasingly applying for state or national bank charters, despite the community’s historical resistance to centralized banking.
O que saber:
- Fintech and crypto firms are increasingly applying for bank charters, anticipating a more favorable regulatory landscape.
- Becoming a bank allows firms to accept deposits and lower borrowing costs but brings stricter oversight.
- Regulatory bodies have historically approved few new bank charters, though recent signals suggest a more streamlined process.
Top Stories
