VASPCheck

VASP Compliance Summary — OKX

Aux Cayes FinTech Co. Ltd. · Exchange · Seychelles

Exported 2026-08-25

Data reviewed 2026-08-07

Overview

Compliance snapshot

Overall regulatory statusAuthorized

EU MiCA statusMiCA authorized

MiCA CASP authorization — MFSA, Malta — EU/EEA passporting live
VARA VASP licence (Dubai); MAS licence in Singapore
Trustpilot 3.5/5 · 6,700 reviews
US plea agreement over unlicensed money transmitting (2025)

Medium concern

Holds an EU MiCA authorization and a Dubai licence, but the offshore group parent and a 2025 US plea agreement keep residual concern elevated.

Authorizations

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
Malta	Malta Financial Services Authority MFSA · https://www.mfsa.mt/financial-services-register/	MiCA CASP authorization	Authorized	C-MT-2025-0011	2025-01-27
United Arab Emirates	Virtual Assets Regulatory Authority VARA · https://www.vara.ae/en/licenses-and-register/public-register/	VASP licence (exchange)	Authorized	VARA-2024-0067	2024-02-20
Singapore	Monetary Authority of Singapore MAS · https://eservices.mas.gov.sg/fid	Major Payment Institution licence (DPT)	Authorized	PS20240022	2024-09-04
Bahamas	Securities Commission of The Bahamas SCB · https://www.scb.gov.bs/registrant-licensee-search/	DARE Act registration	Registered	DARE-2023-0104	2023-05-16

Reputation

Reputation scores

Trustpilot-style score3.5 / 5

Reviews6,700

App Store4.4

Google Play4.0

12-month trendup

Press sentiment (12m)+4 / ~3 / −4

Media

Recent press

Date	Source	Headline & summary	Sentiment
2026-07-18	Reuters	Exchange opens EU headquarters The venue confirmed a Malta base for its European operations.	Positive
2026-05-14	Bloomberg	Derivatives volumes lead global rankings The platform ranked among the top two venues by open interest.	Neutral
2026-02-20	Financial Times	Compliance monitor appointed under US agreement An external monitor will review onboarding controls for three years.	Negative
2025-11-11	CoinDesk	Fiat rails restored in two European markets Euro deposits resumed after a banking partner change.	Positive

Risk events

Incidents & enforcement

Date	Type	Amount	Description
2025-02-24	Enforcement	USD 505,000,000	US plea agreement over operating an unlicensed money transmitting business.
2023-06-08	Outage	—	Derivatives engine outage during a volatility spike.

Profile

Key facts

Founded2017

Websiteokx.com

Fiat currenciesEUR, USD, AED, SGD

Proof of reservesYes

Custody modelOmnibus custody with monthly Merkle-tree attestation

Legal entitiesAux Cayes FinTech Co. Ltd. (SC) · OKCoin Europe Ltd (MT) · OKX Middle East FZE (AE)

OKX

AuthorizedMiCA authorizedESMA register

Aux Cayes FinTech Co. Ltd.

Exchange🇸🇨 Seychelles Founded 2017okx.com

Visit website

Last reviewed

2026-08-07

Compliance snapshot

MiCA CASP authorization — MFSA, Malta — EU/EEA passporting live
VARA VASP licence (Dubai); MAS licence in Singapore
Trustpilot 3.5/5 · 6,700 reviews
US plea agreement over unlicensed money transmitting (2025)

Overall concern

Medium concern

Holds an EU MiCA authorization and a Dubai licence, but the offshore group parent and a 2025 US plea agreement keep residual concern elevated.

Regulatory

Licenses & registrations

Jurisdiction	Regulator	Authorization	Status	Reference	Granted
🇲🇹 Malta	Malta Financial Services AuthorityMFSA	MiCA CASP authorization	Authorized	C-MT-2025-0011	2025-01-27
🇦🇪 United Arab Emirates	Virtual Assets Regulatory AuthorityVARA	VASP licence (exchange)	Authorized	VARA-2024-0067	2024-02-20
🇸🇬 Singapore	Monetary Authority of SingaporeMAS	Major Payment Institution licence (DPT)	Authorized	PS20240022	2024-09-04
🇧🇸 Bahamas	Securities Commission of The BahamasSCB	DARE Act registration	Registered	DARE-2023-0104	2023-05-16

🇲🇹 Malta
Authorized
MiCA CASP authorization
Malta Financial Services AuthorityMFSA
C-MT-2025-00112025-01-27
Verify at source
🇦🇪 United Arab Emirates
Authorized
VASP licence (exchange)
Virtual Assets Regulatory AuthorityVARA
VARA-2024-00672024-02-20
Verify at source
🇸🇬 Singapore
Authorized
Major Payment Institution licence (DPT)
Monetary Authority of SingaporeMAS
PS202400222024-09-04
Verify at source
🇧🇸 Bahamas
Registered
DARE Act registration
Securities Commission of The BahamasSCB
DARE-2023-01042023-05-16
Verify at source

User signals

Reputation

Trustpilot-style score

3.5/ 5

3.5

6,700 reviews

Improving (12m)

App ratings

App Store: 4.4
Google Play: 4.0

Press sentiment (12m)

Positive4

Neutral3

Negative4

Media

Recent press

2026-07-18
Exchange opens EU headquartersPositive
Reuters — The venue confirmed a Malta base for its European operations.
2026-05-14
Derivatives volumes lead global rankingsNeutral
Bloomberg — The platform ranked among the top two venues by open interest.
2026-02-20
Compliance monitor appointed under US agreementNegative
Financial Times — An external monitor will review onboarding controls for three years.
2025-11-11
Fiat rails restored in two European marketsPositive
CoinDesk — Euro deposits resumed after a banking partner change.

History

Incidents & enforcement

2025-02-24EnforcementUSD 505,000,000
US plea agreement over operating an unlicensed money transmitting business.
2023-06-08Outage
Derivatives engine outage during a volatility spike.