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The crypto exchange OKX plans to provide regulatory-compliant derivative products to institutional investors in the European Economic Area with a MiFID II license from the Malta Financial Services Authority (MFSA). By acquiring a Malta-licensed entity, the company aims to expedite this process and expand its financial compliance strategy across Europe. Previously, OKX launched its local services in 30 EU countries with an existing MiCA license. With the new license, corporate solutions and advanced risk management systems will become more prominent in the crypto market.
Strengthening Financial Compliance in Europe with MiFID II License
The MiFID II license OKX intends to acquire mandates compliance with regulatory standards for crypto derivatives and investment solutions. This license will facilitate collaborations with institutional investors in Europe and require transparent risk management mechanisms. OKX Europe CEO Erald Ghoos emphasized that this process will increase partnerships with top-tier financial institutions.
Under MiFID II, the derivative products offered by OKX are expected to align with investor protection standards. The company aims to activate the licensed structure by the end of the fourth quarter of 2024, seeking a competitive edge in the European market. Current regulations are viewed as a step to accelerate the integration of the crypto market with traditional financial systems.
Expanding Corporate Services and Local Integration
OKX offers over 240 cryptocurrencies, 300 trading pairs, and 60 euro-based trading options in Europe, while also strengthening local banking integrations and payment systems. The platform provides users with local language support, currency display, and enhancements in customer service. Updates on the website and mobile application are optimizing user experience.
Focusing on developing specialized solutions for institutional investors, OKX is working on new derivative products and risk management tools. The company’s strategy centers on increasing market diversity while complying with financial regulations in Europe. CEO Erald Ghoos stated, “We want to expand market access with corporate-quality services and regulated investment solutions.”
