OKX and Crypto.com obtain full MiCA licenses
January 28, 2025
OKX and Crypto.com have obtained MiCA licenses, ensuring safe and transparent services. Thanks to "passporting," they will be able to operate across the EU without additional permits, simplifying access to crypto assets and expanding scalability.
What will exchanges offer local traders?
With the new license, OKX plans to provide EEA users with access to OTC, spot, and bot trading services, while also improving the localization of its mobile app and web platform for better convenience among European users. Meanwhile, Crypto.com has announced an expansion of its crypto services, which will now be available to European investors.
Management's reaction and forecasts
The CEO of OKX Europe called the new license a "solid foundation" for industry growth, describing MiCA regulation as the key to 400 million customers across 30 EEA countries. The President of Crypto.com also highlighted the transparency of EU regulators and the benefits of the license for operational optimization.