Crypto exchanges and providers thrive 6 months into EU’s MiCA regulation
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Six months into the enforcement of the European Unionโs Markets in Crypto-Assets Regulation (MiCA), nearly 40 crypto-asset service providers (CASPs) have been authorized to operate across the EU. The list includes several traditional financial institutions, fintech platforms, and crypto-native firms that now benefit from the licensing rules. The regulation began applying to CASPs in June 2024 to replace the by-country laws that countries within the bloc had been using with a more unified framework. It allows firms to port their licenses across the European Economic Area and scale their services legally across borders. Authorized providers now available in nine countries According to a regulatory snapshot posted by Circle Director of EU Strategy and Policy Advisor Patrick Hansen on July 7, the 39 authorized CASPs are spread across nine EU and EEA member states.ย ๐๐ข๐๐ 6-๐๐จ๐ง๐ญ๐ก๐ฌ ๐๐ญ๐๐ญ๐ฎ๐ฌ ๐๐ฉ๐๐๐ญ๐: ๐ ๐ฎ๐ฅ๐ฅ ๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐ฎ๐ญ๐ก๐จ๐ซ๐ข๐ณ๐๐ ๐๐ญ๐๐๐ฅ๐๐๐จ๐ข๐ง ๐๐ฌ๐ฌ๐ฎ๐๐ซ๐ฌ & ๐๐ซ๐ฒ๐ฉ๐ญ๐จ-๐๐ฌ๐ฌ๐๐ญ ๐๐๐ซ๐ฏ๐ข๐๐ ๐๐ซ๐จ๐ฏ๐ข๐๐๐ซ๐ฌ ๐ช๐บ 6 months into MiCAโs application for CASPs โ and 12 months for stablecoins โ hereโsโฆ pic.twitter.com/5mZwOg30qq โ Patrick Hansen (@paddi_hansen) July 7, 2025 Germany leads with 12 licensed providers, followed by the Netherlands with 11. Malta hosts five licensed entities, while France and Luxembourg have three each. Austria has two firms approved, and Spain, Cyprus, and Ireland round out the list with one each. The MiCA-licensed providers include global crypto service providers such as Coinbase, Kraken, Crypto.com, Bitpanda, Bitstamp, BitGo, eToro, OKX, and Amdax. Traditional finance institutions on the list include BBVA, Baader Bank AG, CACEIS Bank, Clearstream, Commerzbank, and Sociรฉtรฉ Gรฉnรฉrale โ Forge.ย Last Wednesday, crypto exchange Bybit announced the rollout of Bybit.eu, its licensed platform for European Economic Area (EEA) users. Operated out of Austria, the exchange is now authorized to offer services in 29 EEA countries. On the same day, rival exchange OKX confirmed it had launched a regulatedโฆ
Filed under: News - @ July 7, 2025 1:22 pm