OPNX Secures VASP License for EU Crypto Trading in Lithuania

The OPNX exchange has secured a spot crypto trading license from Lithuania, paving the way for its operation across the European Union. This strategic advancement underscores OPNX’s commitment to broadening its reach and enhancing service delivery to crypto enthusiasts within the EU.

OPNX License for EU Crypto Trading

OPNX exchange has successfully obtained the virtual asset service provider license (VASP) from Lithuanian authorities in a significant step for cryptocurrency service expansion within the European Union. Consequently, OPNX can now offer spot trading services throughout the EU.

OPNX’s attainment of the VASP license signals an expansion and a solid adherence to regulatory norms. Leslie Lamb, CEO of OPNX, emphasizes that compliance with the highest security standards remains a cornerstone of their operations. Hence, the company has instituted robust Know Your Customer and Anti-Money Laundering protocols aligning with EU regulations.

Moreover, while this license is a giant leap forward, Lamb acknowledges that certain EU jurisdictions may necessitate additional licenses for a broader range of services. Therefore, OPNX is pursuing such licenses to ensure comprehensive service availability across the EU.

Navigating Past Controversies with a Clear Vision

Despite the controversies shadowing OPNX, owing to its founders’ previous ventures, the exchange is determined to redefine its narrative. OPNX’s leadership insists that its platform offers a reliable pathway for bankruptcy creditors to liquidate claims efficiently, thereby providing a faster resolution to financial recovery processes.

Significantly, OPNX’s new license acquisition is more than a mere regulatory approval since it represents the resilience and adaptability of a platform ready to serve the dynamic needs of the crypto community within the European Union. This move is a testament to OPNX’s unwavering commitment to compliance, security, and progressive service expansion.

Read Also: EU Parliament Approves DAC8 Crypto Tax Rule

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Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.