February 2024 Proof of Reserves Report Released by OKX

OKX has introduced a new rewards program called X Drops for ZAMA ($ZAMA) tokens, now available to users in the European Economic Area (EEA). **How it works:** - Hold eligible assets on the OKX platform - Opt into the program - Trade to earn ZAMA rewards This follows a similar program launched in June for IRYS tokens, indicating OKX's ongoing strategy to offer token reward opportunities to its European user base through its trading application.

A new trading incentive program offers rewards for tokenized stock trading activity. **Key Details:** - Trade any of 10 featured stock pairs to qualify - Complete specific tasks to earn rewards - Share of 700 XSPY prize pool available - Program available in eligible regions only This follows a previous partnership initiative that offered $100,000 in tokenized stock rewards, including up to $264 for trading xStocks RWA and a 20% points boost for holders, liquidity providers, and lenders. Tokenized stocks represent traditional equities on blockchain infrastructure, allowing crypto-native trading of stock exposure.

OKX Wallet has introduced **Quick Buy**, a new feature that streamlines token purchases by eliminating intermediate steps. **Key Features:** - Buy tokens directly from discovery and market pages - Reduces friction between finding and purchasing tokens - Available now on OKX Wallet This follows a similar feature launched by MetaMask Mobile earlier this month, which allows one-tap token purchases from Token Detail pages and the Explore tab. The feature aims to simplify the user experience by integrating discovery and execution into a single workflow. [Download OKX Wallet](http://web3.okx.com/download)

**OKX reports significant growth in European markets following MiCA compliance** The cryptocurrency exchange has gained 103 positions in App Store Finance rankings across the European Economic Area since the Markets in Crypto-Assets (MiCA) regulation took effect on July 1st. **Key developments:** - OKX received full MiCA authorization and began operations under the new regulatory framework from day one - The platform holds MiFID II and payment institution permissions - Currently offering an 8% deposit bonus to new users switching to their platform The exchange positions itself as "The New Money App" for European users, offering services including crypto trading, tokenized assets, stocks, ETFs, payments, and earning products in a single application. MiCA represents the EU's comprehensive regulatory framework for crypto assets, requiring exchanges to meet specific operational and compliance standards to serve European customers.

**July 1st marks a critical regulatory milestone for cryptocurrency operations in Europe.** The Markets in Crypto-Assets (MiCA) regulation's grandfathering period ends on this date, creating a hard deadline for all crypto firms operating in the EU. **Key requirements:** - All Crypto-Asset Service Providers must obtain full MiCA authorization by July 1st - Firms still operating under previous national rules must transition or cease EU operations - No exceptions will be granted past the deadline Some organizations have already achieved compliance status, positioning themselves as "MiCA-compliant, regulated from day one." The Graph Foundation's regulatory task force has been monitoring MiCA alongside four other critical frameworks affecting the crypto industry. This represents a significant shift in how cryptocurrency businesses operate within European markets, establishing unified regulatory standards across member states.