OKX Europe CEO Predicts Major Shakeup in Crypto Exchanges Due to MiCA Regulations
As the July 1 deadline approaches, OKX Europe CEO Ghoos suggests that a significant portion of crypto exchanges may not withstand the forthcoming MiCA regulations.
Editorial Staff
1 min read
Updated about 18 hours ago
In a recent statement, Ghoos, the CEO of OKX Europe, indicated that approximately 80% of crypto exchanges might not survive the impending MiCA regulations.
This warning comes as the European Securities and Markets Authority (ESMA) has mandated that unlicensed firms must halt their operations within the EU by July 1.
The MiCA regulations are poised to bring considerable changes to the crypto exchange landscape, raising concerns about the future viability of many platforms.