OPNX exchange has succeeded in obtaining a significant virtual asset service provider (VASP) license from Lithuanian regulatory authorities. This license will allow OPNX to provide spot cryptocurrency trading services across the entire European Union market.
The acquisition of the EU-wide VASP license marks a major milestone for OPNX as it seeks to expand its operations and cement its position as a compliant and trusted exchange within the European crypto trading space. Compliance with regulatory guidelines and implementing robust security protocols including Know Your Customer and Anti-Money Laundering measures have been core principles guiding OPNX’s path to licensing.
According to Leslie Lamb, CEO of OPNX, adherence to the highest security standards remains paramount to the exchange even as it spreads its wings into new EU territories. She acknowledges that while the Lithuanian VASP license is a huge step forward, additional licenses may be required in certain EU countries before the full range of OPNX’s services can be offered. Hence, OPNX is actively pursuing the necessary licenses country-by-country to ensure comprehensive and seamless trading services across the EU.
Despite controversies stemming from its founders’ past failed ventures, OPNX is resiliently forging a new path and working to redefine itself in the EU crypto space. The exchange presents its platform as a reliable solution for bankruptcy creditors to efficiently liquidate their claims and receive faster financial recovery.
The successful acquisition of the Lithuanian VASP license signals OPNX’s adaptability and determination to comply with changing regulatory expectations. More broadly, it represents the exchange’s commitment to expand its services thoughtfully, enhance security protocols responsibly, and ultimately provide the dynamic EU crypto community access to a progressive and compliant trading platform ready to serve their needs.
