OKX gains Malta Payment Institution license to bolster EU stablecoin offerings

Cryptocurrency exchange OKX has obtained a Payment Institution license in Malta under the European Union payments framework to support its stablecoin-based services. The authorization aligns products such as OKX Pay and the OKX Card with MiCA and PSD2 requirements and follows the firm's earlier MiCA license from the Malta Financial Services Authority in January 2025. The OKX Card, launched in late January, enables users to spend stablecoins including USDC and USDG.