OKX Establishes its MiCA Hub in Malta

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Crypto exchange OKX has chosen Malta as its hub for MiCA (Markets in Crypto-Assets) as this new regulatory framework is being implemented in the European Union.

According to the company, they selected Malta because of its high standards for regulation and its progressive stance on blockchain and cryptocurrency.

Additionally, OKX already has personnel and infrastructure established in Malta. With the implementation of MiCA in the EU, OKX plans to offer spot trading, including EUR and USDC pairs, as well as buy, sell, convert, and staking services to eligible EU residents through its entity in Malta.

MiCA will also allow crypto exchanges to operate and provide services across the EU once it becomes fully effective on December 30 this year.

“We have chosen Malta as our MiCA hub because it will enable us to offer top-quality products to a diverse range of customers across Europe,” said OKX Europe General Manager-Designate Erald Ghoos.