OKX Europe Acquires MiFID II-Licensed Company in Malta

Crypto trade OKX Europe has acquired a Malta-licensed agency with a Markets in Financial Instruments Directive II (MiFID II) license, bringing it a step nearer to providing regulated derivatives merchandise all through Europe, the agency mentioned in a press release on Wednesday.

The entity is predicted to change into operational later this yr, as soon as the trade will get approval from the Malta Financial Services Authority (MFSA). The trade didn’t say which agency it acquired.

With its MiFID II license, OKX will have the ability to present regulated derivatives services to its institutional purchasers in the European Economic Area, which incorporates 27 European Union member states in addition to Iceland, Liechtenstein and Norway.

This is one other step solidifying the third-largest trade in phrases of market cap in the EU, the discharge mentioned. It attained a Markets in Crypto Assets license from Malta in January.

Read extra: One Trading Secures Regulatory Approval From Dutch Regulator to Offer Crypto Derivatives Trading in Europe