OKX Steps Up EU Expansion With MiFID License, Eyes Next-Generation Digital Market
Summary
- Global cryptocurrency exchange OKX said it is launching financial instrument trading services in the European Union (EU).
- OKX said it had secured a MiFID license, allowing it to offer European users cryptocurrency, commodities and equity derivatives services.
- Founder Xu Mingxing said the company is pursuing expansion in the EU through institutional-grade risk management, deep liquidity, and the buildout of a regulated digital market.
Forecast Trend Report by Period
Global cryptocurrency exchange OKX is launching financial instrument trading services in the European Union.
OKX founder Xu Mingxing wrote on X on July 8 that the company will offer European users cryptocurrency, commodities and equity derivatives services under the Markets in Financial Instruments Directive, or MiFID, framework.
MiFID is the European Union’s main regulatory framework governing exchanges, investment firms and derivatives. OKX had previously secured a MiFID license in the EU.
The remarks point to a broader push to expand in the bloc. OKX is building a next-generation regulated digital market in Europe by combining institutional-grade risk management, deep liquidity and a seamless user experience.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul