Mar January 28, 2025 ▪
3
Min read ▪ by
The exchanges of OKX and Crypto.com cryptocurrency have just reached an important step: the Mica license in the European Union. These harmonized regulations promise to transform the cryptography market in Europe.
On January 27, 2025, Okx and Crypto.com announced that they had obtained full licenses Under Mica regulations. Emitted by the MFSA, these licenses allow the two platforms to provide services throughout the European Union through the passport mechanism.
For its part, OKX plans to offer Innovative services. This includes:
- Trading spot,
- Over -the -counter solutions (OTC),
- Automated trading tools.
THE platform Also plans to personalize its interfaces to meet the needs of local customers.
For its part, Crypto.com aims to deploy a wide range of services to facilitate access to blockchain and digital assets in the EEA.
The Mica standard allows the two exchanges to reach More than 400 million potential customers in 30 markets. These figures illustrate the strategic impact of this regulation for companies in the cryptocurrency sector.
A major impact on the EU cryptocurrency market
THE Implementation of the Mica Regulations Mark a new era for cryptographic players in Europe. With a clear and harmonized legal framework, platforms like OKX and Crypto.com can indeed:
- rationalize their operations,
- Ensure increased regulatory compliance.
However, challenges remain. According to some analysts, the Mica success will depend on its strict application by European regulators. Otherwise, this legislative increase is likely to lose its effectiveness.
With the Mica, OKX and Crypto.com license are now positioned as pioneers from a regulated cryptocurrency market in Europe. This initiative could stimulate the growth and adoption of digital assets. But that’s not all! He also promises to improve the confidence of European investors.
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My name is Ariela and I am 31 years old. I have been in the field of web writing for 7 years now. I only discovered trading and cryptocurrency for a few years. But it is a univer that interests me beucup. And the subjects treated within the platform permate me to learn more. Singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
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The points of view, the thoughts and opinions expressed in this article belong only to the author and must not be considered as investment advice. Do your own research before making investment decisions.
