Cryptocurrency exchange OKX has obtained a MiFID II license from the European Union, allowing it to offer derivative products throughout the region.
On March 12, Erald Ghoos, OKX's CEO for Europe, announced the platform had obtained a Markets in Financial Instruments Directive (MiFID II) license.
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This development follows OKX's recent pre-authorization under the Markets in Cryptoassets (MiCA) framework, which allows it to provide services on 28 markets in the European Economic Area.
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Although MiFID II and MiCA licenses complement each other, they serve different functions: MiFID II applies to all financial instruments and requires registration of cryptocurrency platforms, while MiCA is aimed at crypto service providers dealing in non-financial cryptocurrencies.