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OKX Officially Expands Into Europe With Fully Licensed Crypto Exchanges in Germany and Poland

Published
Prashant Jha
Published
By Prashant Jha
Edited by Insha Zia
Key Takeaways
  • OKX has launched fully licensed crypto exchanges in Germany and Poland.
  • The expansion follows its MiCA license approval earlier this year.
  • The move comes months after OKX suspended its DeFi services in the EU following regulatory scrutiny.

Global crypto exchange OKX is expanding deeper into Europe with the launch of two fully regulated centralized exchanges in Germany and Poland.

The move follows its January approval under the EU’s Markets in Crypto Assets (MiCA) framework.

OKX Targets European Growth After MiCA Greenlight

OKX’s expansion brings localized, compliant services to two of the EU’s largest economies.

With MiCA licensing secured, the exchange now has a regulatory gateway to operate across all 30 European Economic Area (EEA) nations.

The newly launched platforms in Germany and Poland offer access to more than 270 cryptocurrencies, including over 60 crypto-Euro pairs.

Users in both countries can now use features like:

  • Spot trading and staking.
  • Automated trading bots.
  • Euro deposits, withdrawals, and localized Earn products.

“These two countries are key growth markets in Europe, and we wanted to make sure we got it right,” OKX said in a statement. “That means building regulated, localized platforms that not only meet compliance standards but deliver on what our users care about: performance, simplicity, and trust.”

OKX joins a short but growing list of crypto exchanges to secure MiCA compliance, alongside names like Crypto.com and Bitstamp, while larger rivals such as Binance and Kraken continue working through the approval process.

DeFi Setbacks in the Rearview

The expansion also marks a comeback moment for OKX after its DeFi services were suspended in March.

At the time, EU regulators were reportedly investigating the platform’s Web3 services after they were allegedly used in the laundering of funds tied to the $1.5 billion Bybit hack.

OKX denied those allegations, stating that its DeFi shutdown was a precautionary move aimed at reinforcing regulatory compliance within the EU.

MiCA, now in its rollout phase, represents one of the most comprehensive crypto regulatory frameworks to date.

Under the law, exchanges must obtain authorization from a national regulator—such as BaFin in Germany—before offering services EU-wide through a “passporting” mechanism.

With regulatory hurdles cleared, OKX’s new European exchanges represent a broader strategic pivot: scaling centralized offerings while playing by the rulebook.

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Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism. His coverage spans major industry events, including the high-profile collapses of FTX, Three Arrows Capital (3AC), and LUNA, offering readers insightful analyses of their regulatory and market implications. Prashant’s technical background enables him to bridge the gap between intricate blockchain technology and its real-world applications, making his work accessible to novices and experts. Beyond his professional pursuits, Prashant is an avid music enthusiast, often exploring diverse genres to unwind. A sports lover, he has a particular passion for cricket and frequently engages in discussions about the game. His multifaceted interests and sharp journalistic instincts make him a valuable contributor to CCN, where he continues shaping the crypto landscape's narrative.
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