Market News

EU Crypto Landscape Transformed as OKX Secures Payment License

Cryptocurrency exchange OKX has made significant strides by obtaining a Payment Institution license from Malta's financial regulator.

This license allows OKX to offer stablecoin payment services across the European Union, aligning with the Markets in Crypto-Assets (MiCA) and Payment Services Directive (PSD2) frameworks.

The approval enables the expansion of services like OKX Pay and the OKX Card, supporting stablecoins such as USDC and USDG for compliant transactions throughout the EU.

With tighter regulations set to take effect in 2026, this move strengthens OKX's regulatory position in the European market.

Erald Ghoos, CEO of OKX Europe, highlighted the importance of this license for facilitating real-world payment solutions and ensuring compliance.

The partnership with Mastercard for the OKX Card enables users to spend stablecoins at over 150 million global locations.

OKX Pay also enhances the firm's role in innovating modern payment systems within a regulated environment.

With this recent license acquisition, OKX now holds three important regulatory authorizations in Europe, showcasing its commitment to compliance.

Additionally, OKX Ventures' support for a stablecoin issuance platform, STBL, demonstrates its focus on expanding stablecoin services.

As the digital asset landscape continues to evolve, OKX is well-positioned to lead in compliant stablecoin solutions across Europe.