The acquisition of a MiFID II-licensed company in Malta by OKX Europe marks a significant expansion in the crypto exchange’s offerings. This move will enable OKX to provide regulated derivatives products and services to its institutional clients across the European Economic Area. The European Economic Area comprises 27 European Union member states, along with Iceland, Liechtenstein, and Norway, representing a market of over 30 million potential users. The acquired entity is set to become operational later this year, pending approval from the Malta Financial Services Authority. OKX, which is the third-largest exchange by market capitalization in the EU, previously obtained a Markets in Crypto Assets license from Malta in January. This strategic acquisition underscores OKX’s commitment to expanding its regulated services within Europe.
Source: www.coindesk.com

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