OKX Europe chief says 80% of crypto exchanges won’t survive MiCA as deadline nears
The Block·
60-second summary
OKX Europe CEO Ghoos warns that 80% of crypto exchanges will not survive the MiCA regulations as the July 1 deadline approaches, forcing unlicensed firms to cease EU operations. This regulatory crackdown by ESMA will significantly impact the European crypto market, potentially leading to a consolidation of remaining exchanges and a shift towards compliance.
OKX Europe CEO Ghoos said 80% of exchanges won't survive MiCA as ESMA forces unlicensed firms to cease EU operations by July 1.