OKX and BITPANDA recently announced their accounts X that they both received their markets in crypto assets (Mica). OKX announced that this is the first global exchange to get this license. This will allow the exchange of a proposal of fully adjustable crypto -products of more than 400 million people throughout Europe. Similarly, Bitpanda has received its Bafin license, one of the leading financial supervisory authorities in Europe.
Why do licenses with Mica matter?
The Mica license has become this prestigious license for storage in the crypto industry, since it was developed to ensure transparency, safety and trust, while innovations pave their way in the European region. With this structure, this also guarantees that the rules made by force are homogeneous for all crypto companies and protect investors.
For OKX and BITPANDA, with this license in their hands, both Exchange companies can now easily expand their services by 450 million EU citizens.
Unlocking European crypto -market
Currently, Europe is considered as a developing country for the adoption of cryptocurrency from its clear rules, such as mica. The OKX Mica license paves the way for mass implementation, while Bitpanda emphasizes its readiness to provide safe and transparent services throughout the region.
It is expected that more and more institutional and retail investors in the region will increase with this license, which can position Europe as a global center for innovation in the space of digital assets.
This milestone also indicates that for other exchanges there is a large area to study such opportunities in the European region that would allow innovation in the industry and positioning Europe as one of the most varieties of the country from the point of view of Crypto -rule.
Also read: Brazil suspenses crypto -knowledge for collecting biometric data
