The post Crypto.com obtains new MiCA license to officially service European customers appeared on BitcoinEthereumNews.com.

Crypto.com has officially launched its crypto asset services across all European Economic Area (EEA) states, according to a Feb. 12 X post. The exchange stated: “Crypto.com is proud to confirm from today it can provide crypto asset services cross border to all EEA Member States We look forward to raising our brand profile in vital European markets and attracting more customers to our industry-leading platform.” MiCA licensing This follows its recently granted full Markets in Crypto-Assets (MiCA) license, solidifying its position in the European market. In January, the crypto trading platform secured full licensing from the Malta Financial Services Authority (MFSA), which enabled it to operate across the EEA under a unified regulatory structure. MiCA, which came into force at the start of the year following its adoption in 2023, represents Europe’s first comprehensive crypto regulatory framework. The legislation aims to standardize rules across member states, eliminating regulatory inconsistencies. It also introduces strict consumer protection policies, safeguards against market manipulation, and clear compliance obligations for crypto firms. One of MiCA’s key provisions is its stablecoin framework, which establishes operational standards for issuers and service providers. In line with these regulations, Crypto.com has removed Tether’s USDT and nine other tokens from its platform. Expanding institutional services Beyond its European expansion, Crypto.com is strengthening its institutional offerings. Last month, the company introduced an upgraded trading platform for US-based institutional and advanced traders. This platform provides deep liquidity and minimal latency, enhancing trading efficiency. Additionally, Crypto.com has rolled out Crypto.com Custody, a secure asset storage solution tailored for institutional clients. The custody service operates under strict regulatory oversight in the US And Singapore, ensuring compliance with industry standards. For North American clients, assets are safeguarded through Crypto.com Custody Trust Company, a Qualified Custodian chartered by the New Hampshire Banking Department. Meanwhile, institutional users…

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Filed under: News - @ February 12, 2025 12:26 pm