OKX Europe has acquired a Maltese firm holding a Markets in Financial Instruments Directive II (MiFID II) license, advancing its goal of offering regulated derivatives products across Europe, the company announced Wednesday.
The entity is expected to start operations later this year, pending approval from the Malta Financial Services Authority (MFSA). The specific firm acquired was not disclosed.
With the MiFID II license, OKX can provide regulated derivatives services to institutional clients in the European Economic Area, which includes the 27 EU member states, as well as Iceland, Liechtenstein, and Norway.
This acquisition further strengthens OKX’s position as the third-largest exchange by market cap in the EU. The company also received a Markets in Crypto Assets license from Malta in January.
