OKX Targets European Derivatives Market⋯ Obtains 'MiFID II License'

# OKX Secures MiFID II License to Expand Derivatives Services in Europe OKX, a digital asset exchange, has obtained a MiFID II license to broaden its derivatives services in the European market. On the 12th (local time), OKX announced at an event held on Manoel Island, Malta, that it acquired a Malta-based company holding the MiFID II license. This acquisition enables OKX to offer financial services to institutional investors within the European Economic Area (EEA). OKX described this licensing acquisition as part of a strategy to strengthen its presence in the European market. The company plans to commence operations by the end of this year, pending final approval from the Malta Financial Services Authority (MFSA). Previously, OKX secured a Markets in Crypto-Assets (MiCA) license, granting it the qualification to support digital asset trading services across 30 European Union (EU) countries. This license supports spot trading, over-the-counter (OTC) trading, and automated trading solutions. OKX intends to bridge digital assets with traditional financial markets and expand institutional-grade services. Erald Ghoos, CEO of OKX Europe, stated, “With this license, we aim to provide institutional-grade services and collaborate with major financial institutions to broaden market access.” In addition, OKX plans to enhance risk management functions, offer customized trading solutions, and launch advanced derivatives products. Fiat currency deposit and withdrawal services will also be expanded. Users will be able to transfer euros without fees via bank transfers and use card payments and other local payment methods. Meanwhile, allegations have surfaced that OKX is under investigation by EU regulatory authorities for allegedly laundering hacked funds from Bybit. In response, OKX strongly refuted these claims, stating they are “baseless.”