Crypto Trade Okx Europe has acquired a MALTA-licensed firm with a marketplace for Monetary Devices Directive II (MIFID II) licenses, bringing it a step nearer to providing regulated spinoff merchandise throughout Europe, the corporate stated in a press release Wednesday.
As soon as the trade has been accepted by the Malta Monetary Companies Authority (MFSA), the entity is predicted to function later this yr. The trade didn’t say which firm it acquired.
The MIFID II license permits OKX to supply regulated spinoff services and products to its 27 European Union member states and its institutional clients within the European Financial Space, together with Iceland, Liechtenstein and Norway.
That is one other step to strengthening the third largest trade by way of EU market capitalization, the discharge says. In January, we gained the marketplace for Crypto Property licenses from Malta.
Learn extra: One transaction ensures regulatory approval from Dutch regulators and offers crypto derivatives transactions in Europe
