TechFlow, May 21 — According to Cointelegraph, cryptocurrency exchange Crypto.com has obtained a Markets in Financial Instruments Directive (MiFID) license from the European Union, enabling it to offer crypto derivatives services within the European Economic Area.
Previously, Crypto.com had received preliminary approval for an EU Markets in Crypto-Assets (MiCA) license. CEO Kris Marszalek stated that following the MiCA license acquisition, the company has expanded its brand presence across Europe and will now provide regional customers with additional service options through these new products.
The report noted that Crypto.com obtained the license by acquiring A.N. Allnew Investments, a trading services firm regulated by Cyprus Securities and Exchange Commission (CySEC). This strategy is similar to recent approaches taken by other crypto exchanges such as Kraken to secure EU derivatives licenses.
