OKX Europe after MiCA: regulation, payments and the future of crypto adoption
A new interview by The Cryptonomist explores OKX Europe’s post-MiCA strategy, the evolution of the European regulatory landscape, and the next phase of crypto adoption. The discussion also covers Proof of Reserves, payments, institutional services, and the growing convergence between traditional finance and crypto platforms.
- Many exchanges struggled with the transition to MiCA. What were the biggest operational challenges OKX faced in adapting its European business to the new regulatory framework?
We got our MiCA licence in January 2025, eighteen months before the July 2026 deadline. So the real challenge wasn’t a last-minute sprint, it was building the full regulated stack early: MiCA for spot and custody, MiFID II for derivatives, a Payment Institution licence for payments. Three separate authorisations, each with its own capital requirements, governance standards and years of supervisory engagement.
It also meant that when July 1 actually hit, we weren’t reacting. A lot of the industry is only just getting there.
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