As Mica certification becomes the standard, many more companies announce their recently acquired permission to operate in Europe. Okx is another blockchain company that announced On January 27, 2025 he is certified by Mica.
The company is now certified to offer its full range of products and services in the 27 states of the EU members. For investors in Europe, this is good news. Now they have access to a variety of regulated cryptography services that include OTC trade, Bot trade, spot trade and copies trade.
For new investors in Crypto, a regulated company can relieve many concerns. The MICA regulatory framework for cryptography assets strives for safety and transparency in cryptographic space.
With OKX’s now Mica certification, investors can take advantage of more than 240 cryptographic tokens in 260 pairs on the platform without any sense of apprehension. The platform also provides access to more than 60 tokens based on euros.
For users who plan to use OKX for their investments, the platform offers an improved user experience. The OKX application will present a local language option, currency screens and customer service adapted for specific regions in the EEE.
We are proud to be the first global exchange to ensure a Mica license!
Our fully regulated cryptographic products are now ready to implement at 400m+ people throughout Europe.
This is a victory for crypto, a milestone for regulation and a step towards mass adoption.
Learn more: … pic.twitter.com/spfvsemgck
– OKX (@okx) January 27, 2025
Bonus points for greater accessibility, since the application will allow users to deposit and withdraw without additional charges. The user’s capacity to buy cryptography using their cards and other confidence localized payment methods is also good.
Erald Ghoos, the CEO of OKX in Europe said: “The full MICA license marks a fundamental step in the OKX trip as responsible leader in the global cryptographic ecosystem. Europe has immense potential as a cornerstone for blockchain technology, and the Mica frame provides a solid base for industry growth. “
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So who meets Mica and who is not?
Several cryptocurrency exchanges have already received their licenses under the regulation of Mica. Moonpay made his mica license official last month. Since then, a business score came forward and received its licenses. Bitstaete, ZBD and Hidden Road received their Mica license from the Dutch authority. While companies like partners.com and Crypto.com received their license in Malta.
Crypto Finance, a subsidiary of Deutsche Borse and Bitpanda received its licenses on January 27, 2025. Robinhood also announced its entrance to Spain on January 21, 2025. The company is offering trade of cryptographic and replenors under the regulations of micas as a movement to expand its European presence.
There are companies that are still working to obtain their license. Bybit, for example, currently actively pursues his license in Austria. In response to MICA compliance requirements, the company has made the necessary decision to adjust the availability of its products and services in Europe at the moment.
Gemini is also working hard to obtain his approved license for operations in the EU. The company recently transferred its headquarters from Dublin to Malta in an attempt to accelerate the approval of its license. Currently, the company has a Vasp license in six countries: Malta, France, Ireland, Spain, Italy and Greece.
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Tether and Coinbase are not yet certified with Mica. In December, Coinbase eliminated several cryptographic assets and the USDT that did not comply with Mica regulations. Tether has also been given a deadline to eliminate his USDT before January 31, 2025.
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The OKX publication receives the Mica certification, joining Robinhood, bitpanda in EU operations; Gemini expects approval first appeared in 99Bitcoins.