Crypto Exchang OKX earns a MICA license with Bitcoin decrease less than $ 100,000 – Tradingview News
OKX recently received the Mica. The Milestone Excination Crypto allows to provide organized encryption services through topical offers targeting more than 400 digital asset users in Europe.
Currently, OKX ranks fourth with a trading volume of $ 4.9 billion last day. According to data from CoinMarketCAP, the three best exchanges are Binance, Bybit and Coinbase.
“The full Mica license is a pivotal step on the OKX trip as a responsible and innovative leader in the global ecosystem for encryption. Europe has huge potential to become the cornerstone of excellence for digital assets and Blockchain technology, and Mica Framework is a strong basis for the CEO of OKX Europe, the CEO of OKX Eurobe, Erald Ghoos.
Top Crypto Exchange, Source: CoinmarketCap
It comes on the exchange amid the market decline. Bitcoin is currently trading at 99,927 dollars, after a decrease of 4 % and 6 % a day and last week, respectively.
The encryption market is pulled back
Ethereum and XRP also faced a decrease during the same period. ETH changes his hands at 3,106 dollars, which represents 5 % and reduced the price of 6 % in the past 24 hours and one week in a row. XRP also decreased by 12 % in the weekly graph to $ 2.85.
According to the company, the MICA license enables OKX to work throughout the entire European Economic Zone from its center in Malta. This license guarantees that European customers can access a set of regulatory encryption products, including immediate trading, robot trading, and on a prescription.
According to the platform supports more than 240 symbols of the cryptocurrency, with more than 260 trading pairs, including 60 pairs of euros trading. Ghoos emphasized Europe’s capabilities as a stronghold of Blockchain in accordance with a unified organizational framework.
OKX is now customizing its platform to meet the various needs of European users. Features include local language options, currency shows, and customer support specifically designed for regional preferences. Besides, users can deposit the euro and withdraw it for free on the platform through bank transfers or the purchase of cryptocurrencies using local payment methods such as credit cards.
We are proud to be the first global exchange to secure Mika’s license! 🇪🇺
The fully organized encryption products have been set to 400 meters+ people all over Europe.
This is a Crypto victory, a milestone for organization, and a step towards collective dependence.
Learn more: … pic.twitter.com/spfvsemgck
Expansion throughout the European Economic Zone is a passport
The MICA framework also enables OKX the passport of its license from Malta to all the 30 member states. This feature seeks to eliminate the need for a separate license in each country, which simplifies access to OKX services. With the strong organizational framework in Malta and technological infrastructure, OKX has chosen the country as an ideal base for its European operations.
OKX offers a range of products to meet various customer needs. From a simple exchange interface for beginners to advanced trading tools and a comprehensive encryption portfolio, the platform meets every level of experience. OKX also emphasizes reliability, features 99.99 % operating time and transparent proof of reserve system.
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