Crypto Exchange OKX Europe has acquired a Malta license company with a license from the Financial Instruments Directive II (MIFID II), approaching one more step to offer regulated derivative products throughout Europe, the firm said in a statement on Wednesday.
The entity is expected to work in operation at the end of this year, once the exchange obtain the approval of the Malta Financial Services Authority (MFSA). The exchange did not say which company acquired.
With its MIFID II license, OKX may provide regulated products and services to its institutional clients in the European economic area, which includes 27 Member States of the European Union, as well as Iceland, Liechtenstein and Norway.
This is another step that solidifies the third largest exchange in terms of market capitalization in the EU, according to the statement. He reached a market in the Malta cryptographic asset license in January.
Read more: a negotiation ensures the regulatory approval of the Dutch regulator to offer the trade of cryptographic derivatives in Europe
