Mar 12, 06:08 PM

Kraken Secures EMI Authorization for GBP Operations in the U.K.; OKX Acquires MiFID II-Licensed Firm in Malta, Pending MFSA Approval

Kraken has received Electronic Money Institution (EMI) authorization from the U.K.’s Financial Conduct Authority (FCA), marking a significant step in its growth strategy in the region. This authorization will allow Kraken to enhance its operations and introduce new products and services tailored for local clients. Meanwhile, OKX Europe has acquired a firm in Malta that holds a Markets in Financial Instruments Directive II (MiFID II) license. This acquisition positions OKX to offer regulated derivatives products across the European Economic Area, pending approval from the Malta Financial Services Authority (MFSA). The move is part of OKX's strategy to expand its regulatory framework and service offerings in Europe.