OKX Rolls Out USDT-to-USDC Conversion with 8% Bonus Campaign for European Users

OKX has introduced a one-way USDT-to-USDC conversion tool for users in the European Economic Area. This allows deposits of USDT to be converted into MiCA-compliant USDC, with an 8% deposit bonus campaign available from June 29th to July 31st for eligible users. The service supports deposits via various blockchain networks and is part of OKX's efforts to facilitate compliance ahead of the upcoming MiCA regulatory deadline.

The conversion feature does not permit users to hold or trade USDT within OKX Europe, as it only allows conversions in a single direction (USDT to USDC). Eligible users who opt-in and meet the deposit requirements will receive an 8% bonus on their net deposit in USDC, up to €20,000.

OKX is offering this service in response to the upcoming MiCA regulatory deadline and its own MiCA CASP license. The platform aims to facilitate compliance for users ahead of the changes. New users can also receive an additional welcome bonus and a free VIP1 upgrade upon meeting specific verification and account conditions.