- OKX obtained a MiCA license, enabling it to operate legally in 28 EEA countries with increased transparency and regulatory compliance.
- OKX Web3 launched a Dune dashboard, underlining Solana’s dominance in DEX transactions, with 200,000 to 300,000 active addresses and a daily volume of $200 to $300 million.
OKX has just made history by becoming one of the first crypto-currency exchanges to obtain a Markets in Crypto-Assets (MiCA) license. Now officially operating in 28 European Economic Area (EEA) countries, the platform is MiCA-regulated, guaranteeing compliance in all EEA countries.
This decision not only confirms the exchange’s place in the global marketplace, but also gives added confidence to the millions of users who are looking for a clearly regulated platform.
What does this mean for European users?
For EEA users, this is not trivial news. OKX can provide more secure and open services thanks to the MiCA license. With over 240 crypto assets and more than 60 euro-based pairs, users can now access over 600 trading pairs. What’s more, euro deposits and withdrawals via bank transfer are free of charge, which naturally facilitates transactions.
Conversely, the “passport” clause linked to the MiCA license enables OKX to expand without having to apply for new permits in every EEA country. Users in many countries can now benefit from more homogeneous services meeting the same regulatory criteria.
The changing landscape of crypto-currency exchanges in Europe
In addition to OKX, CNF previously reported that Bitpanda, another exchange, has also acquired a MiCA license from BaFin in Germany. Bitpanda already had a real-time payment system set up by Deutsche Bank for German users prior to obtaining this license.
Europe seems to be taking the regulation of the crypto ecosystem seriously to make it more orderly and reliable, as more and more exchanges acquire official rules.
What’s more, this phase ensures that the control of crypto-currencies is no longer merely rhetorical. As the EEA begins to enforce stricter regulations, it is also making the environment safer for traders and investors.
OKX and Solana: discovering the dominance of the DEX sector
In addition to obtaining a MiCA license, OKX Web3 launched the Dune dashboard in December 2024. This dashboard primarily highlights Solana’s supremacy in decentralized exchange transactions (DEX). Solana is the most active blockchain in this sector, with around 45 million transactions recorded.
In addition to the activities of 200,000 to 300,000 active wallet addresses, the dashboard also records daily transaction amounts of $200 to $300 million.
Now a MiCA licensee, OKX is ready to make a name for itself worldwide. This year, the platform has already penetrated seven new national markets and obtained four additional licenses and registrations.
Even as the industry becomes more competitive, OKX’s approach of prioritizing openness and regulation seems sensible. The existence of well-regulated exchanges like OKX and Bitpanda could change the face of the crypto sector in Europe, as more and more investors seek reliable platforms.
