Crypto.com has unlocked a major milestone in Europe, a license that allows it to offer derivatives and securities within the European Economic Area (EEA.) The company shared on Wednesday, May 21, that it has secured a Markets in Financial Instruments Directive (MiFID) license after receiving regulatory go-ahead for its acquisition of Cyprus-based investment firm A.N. Allnew Investments Ltd. This approval came directly from CySEC, Cyprus’ financial watchdog.
What does this mean for Crypto.com?
The new license means Crypto.com can now offer crypto derivatives, securities, and other investment products to eligible users within the EU. The move opens up the European market for the exchange, allowing it to operate without legal repercussions.
The license also reflects Crypto.com’s commitment to improving ties with regulators. Earlier this year, the trading platform received its Market in Crypto Assets (MiCA) license, which allowed it to offer its services to European customers. While MiCA governs crypto assets across Europe, MiFID allows firms to offer traditional tools such as derivatives and securities.
Reacting to the new license, CEO Kris Marszalek said, “Securing a MiFID license alongside our MiCA license further solidifies Crypto.com’s position in offering the most comprehensive and regulated suite of financial products for users in the EEA.”
“We have already expanded our brand presence in Europe since receiving our MiCA license, and we now look forward to providing customers across the region even more ways to engage with our platform through these new offerings,” he added.
Securing an MiFID license adds to Crypto.com’s growing list of regulatory approvals. The exchange has successfully secured multiple licenses and registrations across several countries.
Part of Crypto.com’s expansion plans includes acquiring already-licensed local firms. The exchange made some recent acquisitions including Charterprime Ltd., Watchdog Capital, LLC, and Fintek Securities Pty Ltd.
More crypto firms are turning to Europe.
Crypto.com’s approval joins the growing list of exchanges expanding their presence in Europe. Kraken recently secured a similar license to offer crypto derivatives, while Bitstamp also acquired a MiCA license.
This trend mirrors a growing push among crypto platforms for regions with regulatory clarity. Unlike the United States, Europe offers regulatory clarity, thanks to the introduction of its MiCA laws.
Europe is one of the fastest-growing crypto markets
Additionally, these exchanges are also moving to cater to the growing demand for digital assets in Europe. Recent statistics rank Europe as one of the fastest-growing regions in terms of crypto adoption. Statista, an intelligence platform, predicts that the number of crypto users in Europe could surpass 218.64 million at the end of 2025.
Interestingly, peer-to-peer transactions are one of the fastest-growing parts of the European crypto market, with Germany seeing a notable rise in such transactions. Furthermore, countries like Slovenia have a large percentage of their population invested in crypto. Others, like Luxembourg, have seen an increased migration of crypto firms to their region.
These figures prove that Europe provides a huge market opportunity for exchanges like Crypto.com and Kraken.
Disclaimer: The content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.