Crypto Exchange OKX Europe has acquired a company linked to Malta with a market license in Directive II (MIFID II) of markets in financial instruments (MIFID II), which brings it closer to regulated derivative products throughout Europe, the firm said on Wednesday.
The entity should become operational later this year, once the exchange has obtained approval from the Malta Financial Services Authority (MFSA). The exchange did not say what company it acquired.
With its MIFID II license, OKX will be able to provide regulated derivative products and services to its institutional customers in the European economic field, which includes 27 Member States of the European Union as well as Iceland, Liechtenstein and Norway.
This is another step solidifying the third exchange in terms of market capitalization in the EU, according to the press release. He reached a Malta crypto market license in January.
Read more: Trading guarantees the regulatory approval of the Dutch regulator to offer cryptographic derivatives in Europe
