Crypto exchange OKX secures MiFID II license in Europe

Quick Summary:

Cryptocurrency exchange OKX has acquired a key European Union license that will enable the company to offer derivatives products throughout the region, potentially opening the door to a more advanced segment of the trading community. In a March 12 announcement, OKX’s Europe CEO, Erald Ghoos, confirmed that the exchange acquired a Markets in Financial Instruments Directive (MiFID II) license.

According to CoinMarketCap, the exchange processed nearly $3.7 billion worth of spot trades on March 12. Related: Kraken secures MiFID license to offer derivatives in EuropeGrowing demand for derivativesDemand for cryptocurrency derivatives has been on the rise as more institutional investors enter the digital asset space.

MiFID II applies to all types of financial instruments and requires crypto derivatives platforms to register. On the other hand, MiCA applies to crypto-asset service providers dealing with cryptocurrencies that are not considered financial instruments. Headquartered in Seychelles, OKX is one of the world’s largest cryptocurrency exchanges based on daily volume.

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Article Details

Author / Journalist: Cointelegraph by Sam Bourgi

Category: Crypto

Markets: United StatesSeychelles

Topics: License Trading Secured European Markets Mifid Cryptocurrency Derivatives Mica Crypto Exchange

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 21:15:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 414 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26951847

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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