cryptonews 2025-05-19 08:29:14

EU Fintech Trade Republic Secures Full MiCA License From Germany’s BaFin

Germany’s financial regulator (BaFin) has granted a full MiCA license to one of Europe’s biggest fintechs, Trade Republic. The license allows German-based Trade Republic to offer crypto custody to its four million customer base across 17 markets. According to Circle executive Patrick Hansen, the full Markets in Crypto Assets (MiCA) license enables Trade Republic to execute or transmit client orders and offer transfer services. “This means Trade Republic can now operate almost its entire crypto offering in-house across all 30 EEA states,” he wrote on X. 𝐎𝐧𝐞 𝐨𝐟 𝐄𝐮𝐫𝐨𝐩𝐞’𝐬 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐟𝐢𝐧𝐭𝐞𝐜𝐡𝐬 𝐣𝐮𝐬𝐭 𝐪𝐮𝐢𝐞𝐭𝐥𝐲 𝐬𝐞𝐜𝐮𝐫𝐞𝐝 𝐚 𝐟𝐮𝐥𝐥 𝐌𝐢𝐂𝐀 𝐥𝐢𝐜𝐞𝐧𝐬𝐞 𝐟𝐫𝐨𝐦 𝐁𝐚𝐅𝐢𝐧 Trade Republic is now authorized to: • Custody crypto assets • Execute client orders • Receive & transmit orders… pic.twitter.com/3P8MZvZMTY — Patrick Hansen (@paddi_hansen) May 17, 2025 36% of all MiCA Licenses Granted by German Regulator Germany has been. The frontrunner in the European crypto space, granting a full MiCA license to 9 crypto asset service providers (CASP). Hansen emphasized that BaFin has granted “an impressive” 9 of the first 25 MiCA CASP licenses across the EU. This represents 36% of all EU-wide CASP licenses, he added. As of April, only 15 CASPs were registered under the MiCA framework in the first 100 days of implementation. The number has since increased to 25, per Hansen’s latest post. He further described the move as evidence of how CASPs and fintechs in the region are already making efforts to secure a license before the transition period ends. “The race is on: neobanks, brokers, other fintechs, and even traditional banks are all moving quickly to secure their MiCA licenses before transition periods end.” The BaFin approval comes at the same time as Luxembourg’s financial regulator granted a MiCA license to Bitstamp crypto exchange. Crypto Firms Move Fast to Get License Before it’s Too Late In April, a crypto lawyer Ilja Nikiforov predicted that up to 75% of Europe’s registered crypto companies (VASPs) will lose their status if they fail to get a MiCA license in time, which is by mid-2025. So far, some of the key industry players such as Circle , OKX , BitGo Europe , MoonPay , among others, have obtained licenses. However, other global crypto players like Binance, Kraken, and Tether are not listed in the EU region. Interestingly, most of them have started the application process. “Without a MiCA license, there’s no passporting of services across the 30 EEA countries — that’s why the industry is moving fast. The race is on to gain market share,” said Hansen in an April post. The post EU Fintech Trade Republic Secures Full MiCA License From Germany’s BaFin appeared first on Cryptonews .

Meist gelesene Nachrichten

XRP Could See Potential Rally to $2.65 Amid R...
2025-07-03
Sui Reclaims $3 After Week-Long Rally Sparked...
2025-07-03
Bitcoin: Unwavering Confidence as Long-Term H...
2025-07-03
📈 Expert Watchlist: 5 Best Crypto Presales fo...
2025-07-03
Ripple (XRP) Price Prediction: XRP’s Future T...
2025-07-03
XRP news update: Ripple bank license applicat...
2025-07-03
Sen. Lummis Proposes Bitcoin Tax Bill Potenti...
2025-07-03
Tether Targets South America’s Surplus Power...
2025-07-03

Ähnliche Neuigkeiten

Trump Sets His Sights on China and Economic Opport...
03 Jul 2025
U.S. Treasury Sanctions Russian Crypto Wallet Link...
03 Jul 2025
Senator Cynthia Lummis introduces crypto tax bill
03 Jul 2025
Tether Teams Up With Sustainability Giant Adecoagr...
03 Jul 2025
Bitcoin has surged nearly 12% since mid-January wh...
03 Jul 2025
Chinese Company Makes Massive Investment in Altcoi...
03 Jul 2025

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen