OKX Chooses Malta to Set Up its MiCA Hub

Crypto exchange OKX has selected Malta as its Markets in Crypto-Assets (MiCA) hub in order to ensure compliance with EU regulatory requirements. This decision was made due to Malta’s high regulatory standards and the company’s existing presence in the country.

Erald Ghoos, OKX Europe’s general manager, further explained the decision, noting that the company has held a VFA Class 4 license in Malta since 2021.

With the implementation of MiCA, which will harmonize crypto regulation across all EU member states, OKX will be able to offer regulated access to crypto-assets to users in the EU.

The company currently has a fully operational team in Malta, consisting of compliance, risk, legal, finance, and senior leadership teams, making it the ideal location for its MiCA hub.

OKX is preparing for the adoption of MiCA to better serve its EU customers with compliance and regulatory requirements.