OKX Europe Acquires Malta-Licensed Firm to Enhance Regulatory Compliance
In a significant move towards expanding its regulatory framework, crypto exchange OKX Europe has announced the acquisition of a Malta-licensed firm that holds a Markets in Financial Instruments Directive II (MiFID II) license. This strategic acquisition, revealed in a statement on Wednesday, positions OKX closer to offering compliant derivatives products across Europe.
The newly acquired entity is anticipated to commence operations later this year, pending the necessary approval from the Malta Financial Services Authority (MFSA). While the specific firm has not been disclosed, this acquisition marks a pivotal step in OKX’s journey to enhance its offerings in the region.
With the MiFID II license in its arsenal, OKX will be empowered to deliver regulated derivatives products and services to institutional clients throughout the European Economic Area (EEA), which encompasses 27 member states of the European Union, along with Iceland, Liechtenstein, and Norway.
This acquisition further solidifies OKX’s position as the third-largest crypto exchange by market capitalization within the EU, as stated in their release. Earlier this year, in January, the exchange successfully obtained a Markets in Crypto Assets license from Malta, showcasing its commitment to regulatory adherence and market expansion.
