OPNX Secures EU Spot Crypto Trading License in Lithuania

OPNX Secures EU Spot Crypto Trading License in Lithuania

OPNX, a crypto exchange, just got the green light to offer its spot crypto exchange services across the European Union. They snagged a virtual asset service provider license in Lithuania, as revealed in an announcement on November 8.

OPNX just scored a VASP license from Lithuanian authorities, signaling a big step in their global expansion plan. The license demands top-notch compliance and security standards, and OPNX claims they’re already on it with a solid Know Your Customer and Anti-Money Laundering system to meet EU regulations.

CEO Leslie Lamb sees this as a major win, saying it helps them cater to crypto users worldwide. However, there’s a catch—some OPNX services might still be off-limits in certain EU areas.

Lamb explained that while this license covers the European region, specific jurisdictions within the EU require additional licenses for certain services. They’re working on getting those, but for now, they can offer spot trading services across the EU. More services will roll out as they secure more licenses.

Also Read: Robinhood Expands Crypto Trading to EU, Plans UK Brokerage

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