OKX Europe has acquired a company licensed in Malta that holds a Markets in Financial Instruments Directive II (MiFID II) license, moving closer to providing regulated derivatives products across Europe, as stated in their announcement on Wednesday.
This new entity is anticipated to begin operations later this year, pending approval from the Malta Financial Services Authority (MFSA). The specific firm they acquired has not been disclosed.
With the MiFID II license, OKX will be positioned to offer regulated derivatives products and services to its institutional clients throughout the European Economic Area, which comprises 27 EU member states along with Iceland, Liechtenstein, and Norway.
This milestone further establishes the exchange as the third-largest exchange by market cap in the EU, per the announcement. They previously secured a Markets in Crypto Assets license from Malta in January.
Read more: One Trading Secures Regulatory Approval From Dutch Regulator to Offer Crypto Derivatives Trading in Europe