OKX and Crypto.com turn out to be newest to obtain full MiCA licenses

• OKX stated it was a “main milestone” to obtain the total MiCA license
• Crypto.com acquired an in-principle earlier this month
• The EU rolled out its MiCA rules on December 20, 2024

Crypto exchanges Crypto.com and OKX are the most recent platforms to obtain full licenses beneath the EU’s Markets in Crypto Property (MiCA) regulation.

Each exchanges introduced the information in separate posts printed on January 27, 2025.

In a weblog put up, Erald Ghoos, Europe CEO of OKX, stated securing the MiCA license was a “main milestone for OKX, a win for crypto in Europe, and a testomony to the expansion and mass adoption of the trade at scale.”

Ghoos continued by saying the platform can present its crypto services and products to greater than 400 million folks throughout Europe by means of its crypto hub in Malta.

“Within the coming days, OKX will start passporting its MiCA license from its Malta hub to all 30 EEA member states,” Ghoos stated.

Passporting is a part of the MiCA regulation that permits licensed and registered companies to supply their providers in one other EU nation beneath a unified regulatory framework.

The information of OKX receiving a full license follows its announcement that it gained pre-authorization as a Digital Monetary Property (VFA) trade beneath the European Union’s MiCA regulation.

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Crypto.com introduced by way of X that it had acquired a full MiCA license.

We’re proud to announce that right now we’ve acquired full approval of our MiCA license. https://t.co/ijU4pgLuhu

— Crypto.com (@cryptocom) January 27, 2025

Earlier this month, Crypto.com revealed that it had acquired an in-principle MiCA license.

On the time, Eric Anziani, president and COO of Crypto.com, stated: “We’ve got all the time been totally supportive of MiCA and strongly imagine it’ll deliver readability, transparency, and set up a extra streamlined sentiment in direction of the regulation of our trade throughout the EU, all of which provides to the rising confidence within the crypto sector.”

Bitpanda additionally acquired a full MiCA license from German regulator BaFin right now.

Bitpanda, Crypto.com, and OKX be a part of the likes of Boerse Stuttgart Digital, Circle, Coinbase, and MoonPay are a number of the crypto firms to have efficiently secured MiCA approval forward of the regulatory rollout of MiCA within the EU.

The great crypto guidelines got here into full impact on December 30, 2024.