- OKX stated it was once a “main milestone” to obtain the total MiCA license
- Crypto.com gained an in-principle previous this month
- The EU rolled out its MiCA rules on December 20, 2024
Crypto exchanges Crypto.com and OKX are the newest platforms to obtain complete licenses beneath the EU’s Markets in Crypto Property (MiCA) law.
Each exchanges introduced the inside track in separate posts revealed on January 27, 2025.
In a weblog put up, Erald Ghoos, Europe CEO of OKX, stated securing the MiCA license was once a “main milestone for OKX, a win for crypto in Europe, and a testomony to the expansion and mass adoption of the trade at scale.”
Ghoos endured via pronouncing the platform can give its crypto services and products to greater than 400 million folks throughout Europe thru its crypto hub in Malta.
“Within the coming days, OKX will start passporting its MiCA license from its Malta hub to all 30 EEA member states,” Ghoos stated.
Passporting is a part of the MiCA law that permits authorized and registered companies to provide their products and services in some other EU nation beneath a unified regulatory framework.
The scoop of OKX receiving a complete license follows its announcement that it won pre-authorization as a Digital Monetary Property (VFA) alternate beneath the Eu Union’s MiCA law.
Absolutely supportive of MiCA
Crypto.com introduced by way of X that it had gained a complete MiCA license.
We’re proud to announce that as of late we’ve gained complete approval of our MiCA license. https://t.co/ijU4pgLuhu
— Crypto.com (@cryptocom) January 27, 2025
Previous this month, Crypto.com published that it had gained an in-principle MiCA license.
On the time, Eric Anziani, president and COO of Crypto.com, stated: “We’ve got at all times been totally supportive of MiCA and strongly imagine it is going to carry readability, transparency, and identify a extra streamlined sentiment against the law of our trade around the EU, all of which provides to the rising self assurance within the crypto sector.”
Bitpanda additionally gained a complete MiCA license from German regulator BaFin as of late.
Bitpanda, Crypto.com, and OKX sign up for the likes of Boerse Stuttgart Virtual, Circle, Coinbase, and MoonPay are one of the most crypto corporations to have effectively secured MiCA approval forward of the regulatory rollout of MiCA within the EU.
The great crypto regulations got here into complete impact on December 30, 2024.