Global crypto exchange OKX has secured a Payments Institution license in Malta, marking a major step for stablecoin payments in Europe. The approval allows OKX to expand its crypto payment services across the European Union under the Markets in Crypto-Assets regulation, known as MiCA.
The Malta Financial Services Authority granted the license, strengthening OKX’s regulatory position within the European Economic Area. As a result, the exchange can now move deeper into regulated payment services and prepare for a wider rollout of its stablecoin-based crypto card starting in 2026.
Malta License Strengthens MiCA Compliance
OKX already operates under a full MiCA license through its Malta hub. That approval enabled the company to passport crypto trading services across EU member states. With more than 400 million potential customers in the region, Europe remains a key growth market.
Now, the new Payments Institution license expands OKX’s reach beyond trading. It allows the company to legally handle payment services that involve:
- Stablecoin transactions
- Fiat-to-crypto conversions
- Crypto-linked consumer payments
Under MiCA, firms must meet strict standards for risk management, operations, and consumer protection. Therefore, this license confirms that OKX meets the EU’s regulatory expectations for crypto payments.
Crypto Card Rollout Set for 2026
The regulatory win also supports OKX’s plan to expand its stablecoin payment card across Europe. The card lets users spend stablecoins at everyday merchants through major payment networks. For example, a user could pay for groceries or online shopping directly with crypto-backed funds.
Furthermore, this move highlights the growing role of stablecoins in real-world payments. As regulations mature, companies like OKX aim to bridge digital assets with traditional finance in a compliant way.
Industry analysts believe this development could accelerate mainstream crypto adoption in Europe. With both exchange and payment services under MiCA, OKX now positions itself as a fully regulated crypto platform ready for EU expansion.
