OKX Files for Registration in France to Expand European Web3 Presence

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OKX, a leading global Web3 technology company and the world’s second-largest cryptocurrency exchange by trading volume, has officially submitted an application to register in France as a Digital Asset Service Provider (DASP) under the strict regulatory oversight of the French Financial Markets Authority (AMF) and the Prudential Supervision and Resolution Authority (ACPR). This strategic move marks a significant milestone in OKX’s European expansion, reinforcing its commitment to regulatory compliance, transparency, and long-term growth within the region.

The registration process follows the recent establishment of OKX France in April and underscores the company’s intent to position France as a central hub for its European operations. Once approved, the DASP status will enable OKX to legally offer a comprehensive suite of digital asset products and services to French users, fully aligned with local financial regulations.

Strengthening Regulatory Engagement in Europe

👉 Discover how global crypto platforms are navigating European regulations in 2025.

Tim Byun, Head of International Government Relations at OKX, emphasized the importance of France’s well-structured regulatory environment:

"The French DASP framework provides a clear and reliable foundation for digital asset service providers. Alongside an increasing number of registered DASPs in France, OKX is eager to contribute to the growth of a healthy and secure local Web3 ecosystem. This application is a powerful demonstration of our commitment to supporting progressive regulatory frameworks and preparing for the broader implementation of MiCA across the European Union."

MiCA (Markets in Crypto-Assets Regulation), set to take full effect across the EU in 2024, represents a landmark step toward harmonizing crypto regulations. OKX’s proactive engagement with French authorities signals its readiness to operate within this new era of compliance-driven innovation.

France has emerged as a preferred destination for Web3 companies due to its combination of regulatory clarity, a highly skilled tech workforce, and a vibrant community of crypto enthusiasts and experienced traders. For OKX, establishing a strong local presence enables deeper integration with European markets while fostering innovation through collaboration with developers, institutions, and regulators.

Government Support for Web3 Innovation

Jean-Noël Barrot, Minister Delegate for Digital Transition and Telecommunications, welcomed OKX’s decision:

"We are delighted that OKX has chosen France to expand its European footprint. This decision reaffirms our ambition to become a key player in Web3 technologies—a vision championed by President Emmanuel Macron and Minister Bruno Le Maire since 2017. French regulators offer a robust and coherent approach throughout the registration process and beyond. OKX’s choice reflects the success of our government’s policies in promoting an innovative, resilient, and secure crypto sector. France has all the ingredients to become a global leader in Web3 and digital economy innovation."

This endorsement highlights France’s proactive stance in attracting blockchain businesses through balanced regulation and innovation-friendly policies.

Commitment to Security, Transparency, and Compliance

At the core of OKX’s global strategy are three pillars: compliance, transparency, and security. Over the years, OKX has strengthened its compliance infrastructure by expanding its international regulatory team and actively combating fraud and ransomware-related activities. Notably, the platform has committed to turning over frozen assets linked to FTX and Alameda Research.

On transparency, OKX continues to set industry benchmarks. It publishes monthly Proof of Reserves, verifying its asset holdings, liabilities, and solvency—ensuring users that their funds are fully backed. The company is advancing toward real-time, trustless verification using cryptographic proofs, reducing reliance on third-party audits.

👉 Learn how Proof of Reserves enhances trust in crypto platforms.

Global Licensing Strategy

OKX’s application in France is part of a broader global licensing initiative. In March, the company announced plans to apply for DASP licenses in Hong Kong. It currently holds a license from the Bahamas Virtual Assets Regulatory Authority (VARA) and a provisional license from Dubai’s Virtual Assets Regulatory Authority (VARA), demonstrating its multi-jurisdictional compliance strategy.

This diversified regulatory footprint allows OKX to serve users across different regions while adhering to local laws—a critical advantage in an increasingly regulated global landscape.

Vision for the Future: Empowering Users Through Web3

Hong Fang, President of OKX, shared her outlook:

"Our mission drives us to expand responsibly and engage constructively with regulators across Europe. Our operations in France are pivotal to this vision. We look forward to collaborating closely with the AMF to broaden access to our product suite—enabling individuals and businesses alike to transfer value efficiently and securely. As a leader in Web3 innovation, we’re excited to introduce French users to the groundbreaking projects we’re developing."

Core Offerings: Beyond Trading

While renowned for its high-performance trading platform trusted by over 50 million users worldwide, OKX offers more than just exchange services. Its flagship self-custody solution—OKX Wallet—is a Web3 gateway that empowers users with full control over their digital assets. The wallet supports seamless access to:

This ecosystem-first approach aligns with the decentralized ethos of Web3, placing user autonomy at the forefront.

Strategic Partnerships Driving Adoption

OKX has built strategic partnerships with globally recognized brands and athletes to accelerate mainstream adoption of blockchain technology. These include:

These collaborations bridge traditional industries with digital innovation, expanding awareness and accessibility of Web3 technologies.

Frequently Asked Questions (FAQ)

Q: What does DASP mean in France?
A: DASP stands for Prestataire de Services sur Actifs Numériques (Digital Asset Service Provider). It is a regulated status required for companies offering crypto-related services such as trading, custody, or exchange in France.

Q: Is OKX already regulated in Europe?
A: While OKX is not yet fully authorized under EU-wide MiCA regulation, its application in France demonstrates active steps toward compliance. It also holds provisional licenses in Dubai and a full license in the Bahamas.

Q: Why is France important for OKX’s European strategy?
A: France offers a clear regulatory framework, skilled talent, and strong government support for blockchain innovation—making it an ideal hub for expanding into Europe.

Q: Does OKX publish Proof of Reserves?
A: Yes, OKX publishes monthly Proof of Reserves reports to verify its asset holdings and solvency, enhancing transparency and user trust.

Q: Can French users currently access OKX services?
A: Yes, French users can access OKX’s global platform. Upon successful DASP registration, additional localized products and services may become available.

Q: How does OKX ensure security for its users?
A: Through multi-layered security protocols, cold storage solutions, regular audits, anti-fraud initiatives, and ongoing Proof of Reserves publications.

OKX’s move into France reflects a broader trend: the institutionalization of crypto through responsible regulation and transparent operations. As Web3 matures, platforms that prioritize compliance without compromising innovation will lead the next phase of digital finance.

👉 Explore how OKX is shaping the future of secure, compliant Web3 ecosystems.

With France poised to become a cornerstone of its European strategy, OKX is not only expanding its footprint but also helping shape the future of digital finance on a global scale.