One of the popular cryptocurrency exchanges in the world today, Crypto.com has gained a license to provide crypto financial derivatives in the European Economic Area (EEA). The firm announced the landmark approval through an official blog post on Wednesday.Â
In the announcement, Crypto.com said it has secured a Markets in Financial Instruments Directive (MiFID) license. The new credential according to the exchange will further solidify its presence in the European Union after gaining the Markets in Crypto-Assets (MiCA) approval.
Recall that shortly after the MiCA regulation went into full effect in December 2024, Crypto.com made history as one of the leading cryptocurrency exchanges to gain a license under the regime. In January 2025, the exchange secured the full MiCA license from the Malta Financial Services Authority (MFSA).
Then, the regulatory green light provided the exchange with the legal backing to offer crypto-to-fiat and crypto-to-crypto exchanges, custodial and transfer services. So far, top cryptocurrency platforms like OKX, MoonPay, Bitpanda, Boerse Stuggart Digital, ZBD, and some others have also received the license.
How Crypto.com aims to expand its presence in Europe with the MiFID license
The co-founder and CEO of Crypto.com, Kris Marszalek said the regulatory backing will provide customers in the EEA to engage with the exchange via the new products. He added that the latest approval would further establish the cryptocurrency exchange as a force to reckon with in the 30 members’ state of the EEA.
Meanwhile, the crypto trading platform secured the regulatory approval from the Cyprus Securities and Exchange Commission (CySEC). This is a result of a Crypto.com takeover of Cyprus-based trading services company A.N. Allnew Investment.
The latest regulatory approval to Crypto.com underlines a growing trend among crypto trading platforms. In recent times, a host of cryptocurrency exchanges have expanded their offering to derivatives trading for EU customers.
On May 20, Kraken announced the launching of its derivatives trading services after securing the MiFID II license. Following a similar pattern to Crypto.com, Kraken completed the acquisition of Payward Europe Digital Solutions, a Cyprus-based firm with the MiFID II license.
Similarly, other exchanges like Coinbase and Gemini have made a bold move to expand to offer derivative services for EU users. Recall that on May 9, 2025, Binbits reported that Coinbase had agreed to a $2.9 billion takeover deal of Deribit.
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