OKX Crypto Exchange has taken markets to direct financial tools (MIFID II) by obtaining a licensed entity from Malta. This step allows the company to provide organized derivative products and services to institutional customers throughout the European Economic Zone (EA), pending the approval of the MFSA Financial Services Authority.
The news of the list was released during an exclusive event on Manuel Island, Malta, as part of the OKX strategy to enhance its presence in the European market.
OKX gets a MIFID II license to expand in Europe
According to the hadith advertisementOKX obtained a MIFID II license by obtaining a company based in Malta bearing organizational approval. The entity will work later this year after receiving the clearance of the MFSA Financial Services Authority (MFSA).
The MIFID II OKX license will allow the provision of organized derivatives and investment solutions to institutional customers throughout the European Economic Zone. This step will enhance the access of institutional markets while maintaining compliance with European financial regulations.
Previously, OKX has received full markets in the Crypto-Assets license (MICA), allowing exchange to provide translated encryption trading services across 30 European Union members. MICA license supports many offers, including immediate trading, on a prescription trading (OTC), and automatic trading solutions.
Amid these organizational news, earlier this month, Top Crypto Exchange Binance announced All trading pairs will be deleted in non -compatible Stablecoin users in the European Economic Zone.
Institutional offers with organizational compliance
OKX expansion under Mifid II is to align digital assets with traditional financial markets. The company intends to provide institutional degrees that meet European compliance standards. The newly obtained license will help the OKX partnership with Tier-One Financial Institutions and introduce new organized investment products.
With MIFID II’s approval, OKX plans to integrate additional risk management features and trading solutions designed for institutional investors. The Stock Exchange seeks to provide advanced derivative products while ensuring security in line with European regulations.
In addition, OKX institutional customers will be able to access new derivative trading services under the MIFID II license. The platform currently supports trading for more than 240 codes of encrypted currencies, 300 trading pairs and 60 pairs relying on euros.
Class, and The highest exchange of exchange Plan to expand FIAT options on the slope. The company allows users to deposit and pull the euro without any cost through bank transfers while supporting cards payments and other local payment methods.
Moreover, Excination, mobile phone application to support local languages, currency shows, and customer service designed for every European market are designed. The company is scheduled to provide more topical services, including customer knowledge (KYC).
Ireld Goos, CEO of OKX EUROPE, added in response to the organization’s news,
“With this license, we are scheduled to provide institutional degrees, partnership with the first -level financial institutions, and we provide organized investment solutions that enhance market access and enable investors across the continent.”
Ronnie Mogndi
Ronny Mugendi is a four -year experienced encryption journalist, as he contributed greatly to the various media in cryptocurrencies and technologies. With more than 4000 articles published through various media, it aims to inform and teach more people to the Blockchain world and Defi. Outside his career in the press, Rooney has a bicycle riding and exploring new paths and landscapes.
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