OKX

OKX has significantly strengthened its regulatory position in the European Union by obtaining a Payment Institution license in Malta, complementing its existing MiCA license. This allows OKX to offer regulated stablecoin payment services across the EEA, enhancing its competitive edge and enabling the rollout of products like OKX Pay and the OKX Card. The move positions OKX as a compliant gateway for stablecoin-based payments within the EU financial system.

OKX launched X-Perps, a MiFID-regulated crypto derivatives product, expanding its offerings in the European Economic Area. This move strengthens OKX's position in the European market and is expected to attract both retail and institutional traders.

OKX, an overseas centralized exchange, is likely to be affected by Vietnam's new rules prohibiting nationals from trading on foreign crypto platforms, potentially reducing its market share in Vietnam.