Bitpanda, Crypto.com secures MiCA licenses

• Bitpanda introduced it secured approval as MiCA compliant from Germany’s BaFin.
• Crypto.com revealed its full-MiCA license by way of X on Monday.
• Different platforms have additionally secured the important thing regulatory registration following full rollout in December 2024.

Crypto.com and Bitpanda have obtained approval as Markets in Crypto Property (MiCA) licensed exchanges, in accordance with bulletins from the 2 firms on Monday.

The Crypto.com staff stated it had obtained the total MiCA license. This comes simply days after the trade introduced it secured in-principle authorisation from the Malta monetary markets regulator.

Bitpanda stated in a weblog publish it had obtained approval from the German Federal Monetary Supervisory Authority (BaFin).

Exchanges get MiCA nod

Approval sees the exchanges add to the rising variety of crypto platforms and repair suppliers getting a nod for growth throughout the European Union. This follows the rollout of full MiCA legal guidelines throughout the EU on the finish of 2024, with a number of exchanges amongst these to disclose plans for compliance.

MiCA approval permits suppliers to supply their services within the European Financial Space (EEA), a significant marketplace for crypto.

Bitpanda deputy chief government officer Lukas Enzersdorfer-Konrad stated in a press release:

“This achievement is the results of a decade of dedication to compliance and regulation. With MiCAR, we’re not simply assembly the trade’s highest requirements, we’re setting them. Our focus now’s on utilizing this licence to speed up adoption and development throughout the European market.”

Bitpanda and Crypto.com be a part of Boerse Stuttgart Digital, MoonPay, OKX and Hidden Highway on the record of crypto platforms to have obtained MiCA licenses.