{"id":133480,"date":"2024-07-19T14:00:27","date_gmt":"2024-07-19T11:00:27","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133480"},"modified":"2024-07-19T11:51:30","modified_gmt":"2024-07-19T08:51:30","slug":"okx-establishes-mica-hub-in-malta-amid-european-expansion","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/okx-establishes-mica-hub-in-malta-amid-european-expansion\/","title":{"rendered":"OKX Establishes MiCA Hub in Malta Amid European Expansion"},"content":{"rendered":"

This move allows OKX to offer EU users a platform for buying, selling, converting, and staking cryptocurrencies through OKCoin Europe. OKX also plans to facilitate spot trading for EU-approved cryptocurrencies like Circle\u2019s EURC and USDC, which recently received clearance<\/a><\/strong> in France.<\/p>\n

Erald Ghoos, the incoming general manager for OKX Europe, emphasized that establishing the MiCA hub in Malta will expand OKX\u2019s market reach across Europe and improve service offerings to meet global standards. He noted that the new regulatory framework supports sustainable industry growth and will enable OKX to increase hiring and investment in the region.<\/p>\n

Malta was chosen after a thorough evaluation of several jurisdictions due to its high regulatory standards, existing infrastructure, and commitment to customer safety and security. OKCoin Europe, OKX\u2019s local entity, has held a Class 4 Virtual Financial Assets (VFA) Service Provider License from the Malta Financial Services Authority (MFSA) since 2021. This strategic move follows the launch of OKX\u2019s crypto exchange and Web3 wallet in the Netherlands and T\u00fcrkiye earlier this year.<\/p>\n