TechFlow, May 19 — According to Cryptonews, Germany's financial regulator BaFin has granted Trade Republic, one of Europe's largest fintech firms, a full Markets in Crypto-Assets Regulation (MiCA) license. This license enables the German company to offer crypto asset custody services to its 4 million users across 17 markets and to operate in all 30 European Economic Area countries.
Data shows that so far 25 crypto asset service providers (CASP) have obtained MiCA licenses across the EU, with nine (36%) issued by Germany’s BaFin. Notably, all crypto asset service providers must obtain a MiCA license by mid-2025 or they will be unable to conduct cross-border business within the EU region.
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