As Mica certification becomes the standard, many more companies announce their recently acquired permit to operate in Europe. OKX is another blockchain company which announced on January 27, 2025 that it was certified Mica.
The company is now certified to offer its full range of products and services in States 27 EU members. For investors in Europe, this is good news. They now have access to a range of regulated cryptography services, including over -the -counter trading, robot trading, points trading and copy trading.
For new investors in Crypto, a regulated company can mitigate a lot of concerns. The regulatory framework of Mica for cryptographic assets aims at safety and transparency in cryptographic space.
With OKX now certified Mica, investors can enjoy more than 240 cryptographic tokens on 260 pairs on the platform without any feeling of apprehension. The platform also gives access to 60 euro-based tokens.
For users who plan to use OKX for their investments, the platform offers an improved user experience. The OKX application will showcase a local language option, currency displays and customer support adapted to specific regions of the EEA.
We are proud to be the first world exchange to secure a Mica license!
Our fully regulated cryptographic products should now reach more than 400 meters from Europe.
This is a victory for crypto, an important step for regulations and a step towards mass adoption.
Learn more:… pic.twitter.com/spfvsemgck
– Okx (@okx) January 27, 2025
Bonus points for increased accessibility because the application will allow users to deposit and withdraw without additional costs. The possibility for users to buy crypto using their cards and other localized payment methods of trust is also good.
Erald Ghoos, CEO of OKX in Europe, said: “The complete License of the Mica marks a central stage in the trip of OKX as a leader responsible for the global cryptography ecosystem. Europe has immense potential as a cornerstone for blockchain technology, and the Mica frame provides a solid base for industry growth. »»
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So who is in accordance with mica and who is not?
Several cryptocurrency exchanges have already received their licenses under the Mica regulation. Moonpay rendered his mica license official last month. Since then, a business score has continued and has received its licenses. Bitstaete, ZBD and Hidden Road received their Mica license from the Dutch authority. While companies like Socios.com and Crypto.com have received their license in Malta.
Crypto Finance, a subsidiary of Deutsche Boerse and Bitpanda received its licenses on January 27, 2025. Robinhood also announced their entry into Spain on January 21, 2025. The company offers an exchange of crypto and an implementation of the regulation on micas like A move to expand its European presence.
There are companies that still work to obtain their license. Bybit, for example, is currently continuing its license in Austria. In response to Mica compliance requirements, the company has made the necessary decision to adjust the availability of its products and services in Europe for the moment.
Gemini is also working hard to have his license approved for EU operations. The company recently moved its registered office from Dublin to Malta in order to follow the approval of its license. The company currently has a Vasp license in six countries – Malta, France, Ireland, Spain, Italy and Greece.
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Tether and Coinbase are not yet certified Mica. In December, Coinbase has struck down several cryptographic and USDT assets which do not comply with Mica regulations. TETHER also received a deadline to divert their USDT on January 31, 2025.
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The OKX post receives Mica certification, joining Robinhood, Bitpanda in EU operations; Gemini waits for approval first on 99Bitcoins.
