Licensing Becomes the Competitive Moat for Global Crypto Exchanges

[tradelikepro]

OKX’s growth comes amid an industry-wide race for regulatory approvals. Europe’s MiCA framework has enabled exchanges to passport services across the EEA, prompting firms like Coinbase, Kraken, Bybit, and Gemini to secure licenses and establish regional headquarters.

In the US, momentum accelerated after the GENIUS Act created a federal stablecoin framework, pushing the market above $310 billion in supply. Together, MiCA in Europe and GENIUS in the US are reshaping exchange competition: platforms that can operate compliantly at scale are pulling ahead, while regulatory access is fast becoming the defining advantage in global crypto markets.

[bonk]

$310 billion in stablecoins and counting thanks to new US and EU rules