Cryptocurrency exchange OKX has acquired a key European Union license that will enable the company to offer derivatives products throughout the region, potentially opening the door to a more advanced segment of the trading community.
In a March 12 announcement, OKX’s Europe CEO, Erald Ghoos, confirmed that the exchange acquired a Markets in Financial Instruments Directive (MiFID II) license. The license will allow OKX to launch derivatives trading products for institutional investors across the EU.
Source: OKX
The announcement came less than two months after OKX secured a preauthorization under the Markets in Crypto-Assets (MiCA) framework, which allows the exchange to offer localized services across 28 markets within the European Economic Area.
Although the MiFID II and MiCA licensing regimes are seen as complementary, they serve different purposes. MiFID II applies to all types of financial instruments and requires