Cryptocurrency exchange OKX has received pre-authorization to comply with the EU's Markets in Crypto-Assets (MiCA) regulation from the Malta Financial Services Authority (MFSA). This status indicates that OKX has passed the regulator's review and is on track to secure a full MiCA license. Once approved, OKX aims to offer extensive crypto services and support over 240 tokens to more than 400 million users in Europe, including spot and over-the-counter trading. In a strategic move, OKX has established its MiCA hub in Malta in 2024, laying the groundwork for its compliance with EU regulations that took full effect in late December 2024. Other exchanges like Gemini and Crypto.com are also pursuing MiCA licenses, signaling a growing trend in the industry towards regulatory compliance in Europe. OKX has expressed expectations to include crypto staking services and is actively preparing for the impending changes in the regulatory landscape.

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