OKX Founder Confirms New Authorization for European Derivatives

OKX founder Star Xu said Wednesday the exchange received new regulatory authorization in Europe, allowing it to offer regulated derivatives under the European Union's Markets in Financial Instruments Directive.

Xu posted on Wednesday that the authorization covers derivatives across crypto and commodities, with equity products also included. The exchange did not name the regulator or specify when the approval took effect.

The authorization lets OKX offer a broader set of financial products to European clients through a single platform. The exchange already runs a consumer-facing "New Money App" for managing digital assets in the region, and has been encouraging users to adopt it as a modern alternative.

European users can now access regulated derivatives covering crypto and commodities, plus equity products, under MiFID rules. The move adds a derivatives channel to OKX's existing services in Europe.

Xu's post did not detail the application process or timeline for rolling out the products. The authorization gives OKX a regulated derivatives offering in Europe alongside its trading and custody services.