Open Exchange (OPNX), a rapidly emerging crypto exchange, today announced that it has obtained a virtual asset service provider (VASP) license in the Republic of Lithuania. This license allows OPNX to offer a range of crypto exchange solutions to users across Europe.
“Securing the VASP license from Lithuanian authorities is a significant milestone in OPNX's worldwide expansion and our mission to serve crypto users across the globe. This license underscores our ongoing commitment to regulatory compliance. We're proud to extend our services to millions of crypto users in Europe, offering them access to a trusted, secure, and transparent crypto trading platform,” said Leslie Lamb, CEO of OPNX.
Lithuania offers a clearly defined and structured regulatory framework to the crypto industry. The VASP license is a rigorous regulatory process that requires exchanges to adhere to the highest standards of compliance and security. OPNX has already implemented a robust KYC/AML program and upholds the utmost level of security to safeguard our users' assets.
“We firmly believe that regulation serves as the bedrock for fostering the growth and widespread acceptance of crypto assets,” said Lamb. “OPNX is committed to working alongside regulators worldwide to create a safe, compliant and transparent crypto trading ecosystem where users can feel confident growing their own paths to financial success.”