OKX Obtains a MiFID II License

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OKX Europe has acquired a Malta-licensed firm with a Markets in Financial Instruments Directive II (MiFID II) license, moving closer to offering regulated derivatives products across Europe, the company announced on Wednesday.

The entity is expected to begin operations later this year, pending approval from the Malta Financial Services Authority (MFSA). The specific firm acquired was not disclosed.

With the MiFID II license, OKX can provide regulated derivatives products and services to institutional clients within the European Economic Area, which includes the 27 EU member states, Iceland, Liechtenstein, and Norway.

This move further solidifies OKX’s position as the third-largest exchange by market cap in the EU. The company received a Markets in Crypto Assets license from Malta in January.