- OKX said it was a “major milestone” to receive the full MiCA license
- Crypto.com received an in-principle earlier this month
- The EU rolled out its MiCA regulations on December 20, 2024
Crypto exchanges Crypto.com and OKX are the latest platforms to receive full licenses under the EU’s Markets in Crypto Assets (MiCA) regulation.
Both exchanges announced the news in separate posts published on January 27, 2025.
In a blog post, Erald Ghoos, Europe CEO of OKX, said securing the MiCA license was a “major milestone for OKX, a win for crypto in Europe, and a testament to the growth and mass adoption of the industry at scale.”
Ghoos continued by saying the platform can provide its crypto products and services to more than 400 million people across Europe through its crypto hub in Malta.
“In the coming days, OKX will begin passporting its MiCA license from its Malta hub to all 30 EEA member states,” Ghoos said.
Passporting is part of the MiCA regulation that enables licensed and registered businesses to offer their services in another EU country under a unified regulatory framework.
The news of OKX receiving a full license follows its announcement that it gained pre-authorization as a Virtual Financial Assets (VFA) exchange under the European Union’s MiCA regulation.
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Crypto.com announced via X that it had received a full MiCA license.
We’re proud to announce that today we’ve received 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 received an in-principle MiCA license.
At the time, Eric Anziani, president and COO of Crypto.com, said: “We have always been fully supportive of MiCA and strongly believe it will bring clarity, transparency, and establish a more streamlined sentiment towards the regulation of our industry across the EU, all of which adds to the growing confidence in the crypto sector.”
Bitpanda also received a full MiCA license from German regulator BaFin today.
Bitpanda, Crypto.com, and OKX join the likes of Boerse Stuttgart Digital, Circle, Coinbase, and MoonPay are some of the crypto companies to have successfully secured MiCA approval ahead of the regulatory rollout of MiCA in the EU.
The comprehensive crypto rules came into full effect on December 30, 2024.
