OKX Secures MiFID II License In Europe

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James Barra
Head of Content
James is Head of Content and a brokerage expert with a background in financial services. A former management consultant, he's worked on major operational transformation programmes at top European banks. A trusted industry name, James's work at DayTrading.com has been cited in publications like Business Insider.
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Tobias Robinson
CEO and Head of Broker Testing Panel
Tobias is the CEO of DayTrading.com, an active investor, and a brokerage expert. He has over 30 years of experience in financial services, including supervising the reviews of more than 500 trading brokers, and contributing via CySEC to the regulatory response to digital options and CFD trading in Europe. Tobias' expertise make him a trusted voice in the industry, where he's been quoted in various financial organizations and outlets, including the Nasdaq.
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William Berg
Securities Law Expert
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
Updated

OKX has secured a Markets in Financial Instruments Directive (MiFID II) license, which following approval, will enable it to offer regulated derivative products across the EU.

Key Takeaways

  • MiFID II License: OKX will be licensed to offer derivatives and institutional services in Europe.
  • European Reach: The MiFID II license, along with its MiCA license, enables OKX to operate across 28 European markets.
  • Local Support: OKX provides local language support and zero-fee euro deposits/withdrawals for European users.
  • Future Plans: OKX is focused on regulatory compliance, local events, and community engagement to continue expanding its European presence.

Trading crypto, regardless of regulatory oversight, represents a significant risk to your capital. You could lose any money you invest.

What This Means For European Traders

The MiFID II license marks a significant step for OKX in its growth across Europe, offering high-volume clients access to sophisticated, compliant derivative trading products.

This license, alongside OKX’s MiCA license, should ensure the platform meets the rigorous standards set by European regulators.

Looking ahead, OKX has plans to introduce seamless KYC processes, additional payment methods, and localized services to ensure the platform meets the evolving needs of European traders.

OKX's trading app interface
OKX App

About OKX

Established in 2017, OKX is a popular crypto exchange that’s used by over 60 million traders worldwide.

In Europe, it facilitates OTC trading, spot trading, automated trading, and copy trading on 240+ digital tokens spanning 300+ trading pairs and 60+ Euro trading pairs.

Traders in the region can deposit and withdraw Euros without any fees through bank transfers, and also purchase cryptocurrency using cards and other local methods.

Your capital is at risk. Trade only with funds you can afford to lose.
OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from trading to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.