OKX Europe takes a significant step towards establishing itself as a major player in the European derivatives market by acquiring a Malta-licensed firm with a MiFID II license, bringing it closer to offering regulated derivatives products and services to institutional clients in the EU.
OKX Europe has taken a significant step towards establishing itself as a major player in the European derivatives market by acquiring a Malta-licensed firm with a Markets in Financial Instruments Directive II (MiFID II) license. This move brings OKX Europe closer to obtaining approval from the Malta Financial Services Authority (MFSA), which is necessary for the exchange to offer regulated derivatives products and services to its institutional clients in the European Economic Area.
OKX Europe is a leading cryptocurrency exchange that offers a secure and reliable platform for trading digital assets.
Based in Malta, OKX Europe provides access to a wide range of cryptocurrencies, including 'Bitcoin' , 'Ethereum' , and others.
The exchange boasts high liquidity, competitive fees, and advanced trading tools, making it an attractive option for both novice and experienced traders.
With its commitment to regulatory compliance and customer protection, OKX Europe has established itself as a trusted name in the European cryptocurrency market.
With its MiFID II license, OKX will be able to provide a range of regulated derivatives products and services to its institutional clients, including 27 European Union member states, Iceland, Liechtenstein, and Norway. This acquisition is expected to solidify OKX Europe’s position as the third-largest exchange in terms of market capitalization in the EU.
The acquired entity is anticipated to become operational later this year, pending approval from the MFSA. Once approved, OKX Europe will be well-positioned to capitalize on the growing demand for regulated derivatives products in the European market.
This development marks an important milestone in OKX Europe’s expansion into the EU derivatives market. With its MiFID II license and the acquisition of a licensed firm, OKX Europe is poised to establish itself as a major player in this space, providing institutional clients with access to regulated derivatives products and services.
The acquisition of a MiFID II-licensed firm is another step towards OKX Europe’s goal of establishing itself as a reputable and compliant exchange in the EU. The company has already attained a Markets in Crypto Assets license from Malta in January, further demonstrating its commitment to regulatory compliance and expansion into new markets.
The acquisition will enable OKX Europe to provide regulated derivatives products and services to institutional clients operating in the European Economic Area. This move is expected to enhance the exchange’s competitiveness in this space and attract more institutional clients seeking regulated derivatives solutions.
OKX Europe’s acquisition of a MiFID II-licensed firm marks an important milestone in its expansion into the EU derivatives market. With its MiFID II license, OKX will be able to provide regulated derivatives products and services to its institutional clients, solidifying its position as a major player in this space.
- coindesk.com | OKX Europe Acquires MiFID II Licensed Company in Malta
