OKX Expands Standard Chartered Partnership to the EEA

Highlights:

• OKX expands Standard Chartered partnership into Europe to strengthen its services in the region.
• The expansion included the EEA and aims to improve security and trust on the OKX platform.
• Standard Chartered remains the only G-SIB to work directly with a crypto exchange, reflecting strong faith in OKX’s infrastructure.

Seychelles-based crypto exchange, OKX, has expanded its partnership with Standard Chartered Bank to the European Economic Area (EEA). The trading platform announced the move in a tweet on October 15, as part of efforts to strengthen its platform security. Earlier this year, OKX collaborated with Standard Chartered in the United Arab Emirates (UAE) to launch a collateral mirroring program. With this, users can store assets with a Global Systematically Important Bank (G-SIB) like Standard Chartered.

In addition, customers benefited from bank-grade custody and seamless market access. Other benefits include reduced counterparty risks, improved asset security, and better trading features. By extending its Standard Chartered partnership to the EEA, OKX is bringing these benefits to millions of European users. Meanwhile, Standard Chartered remains the only G-SIB to work directly with a crypto exchange, underscoring the bank’s leadership and faith in OKX’s operational framework.

OKX x Standard Chartered | Expanding into Europe 🇪🇺

We’re strengthening our banking partnerships — bringing Standard Chartered’s regulated custody into our European institutional offering.

This expansion supports safeguarded collateral mirroring, giving institutions…

— OKX (@okx) October 15, 2025

OKX Expands European Presence with MiCA License and Standard Chartered Partnership

OKX emphasized that its partnership with Standard Chartered, combined with its Markets in Crypto-Assets (MiCA) license, reflects a long-term commitment to Europe’s regulated market space. In January this year, OKX became one of the few exchanges to obtain a MiCA authorization, permitting it to offer regulated crypto services to all members of the EEA.

Under MiCA, passporting rights permit OKX to launch its services in selected EU jurisdictions like Austria, Belgium, Hungary, Ireland, Italy, Latvia, the Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, and Sweden without additional licenses. From its Malta hub, OKX offers OTC, spot, and bot trading to over 400 million European crypto users. Customers were allowed to trade over 240 cryptocurrencies and over 300 trading pairs. They also benefited from over 60 Euro pairs for Euro-based trading with free bank transfers.

OKX and Standard Chartered Bank are bringing their partnership to Europe.

Together, we’re delivering regulated, institutional-grade crypto custody and execution. Setting new standards for trust and access under MiCA.https://t.co/AXHVFLHvVF

— Roy van Krimpen (@Royvankrimpen) October 15, 2025

OKX Faces Regulatory Scrutiny

Despite its MiCA license, the Dutch central bank recently fined OKX $2.6 million for unregulated trading activities, citing non-compliance with anti-money laundering regulations. Authorities described the penalty fee as one of the lowest levels taken against a major crypto exchange like OKX.

In July this year, some OKX users reported that despite completing all verification processes, their accounts were unfairly frozen, locking them out of their funds. In response, OKX’s Chief Executive Officer (CEO), Star Xu, admitted that the exchange was still facing compliance issues, including false positives and a poor user experience.

The CEO apologized for the inconvenience, adding that no compliance system is fully accurate. According to him, OKX uses internal and external databases to detect illegal trading activities. “This is why some users, despite being fully compliant and behaving normally, may still receive additional information requests from the compliance team,” the CEO added.

In related news, OKX has also partnered with Circle. The collaboration aims to offer zero-fee USD to USDC conversions directly on the OKX. According to Crypto2Community, the update is already running on the OKX platform, covering several products, including account funding, trading, and transfers.