Germany’s BaFIN Grants Crypto License to Trade Republic Amid Slow MiCA Rollout

Trade Republic has secured a crypto license from Germany’s BaFIN, positioning itself as a key player in Europe’s digital asset market. The authorization covers crypto custody, order execution, and client transfers across 30 European Economic Area countries. While the firm still relies on third-party platforms for trade execution, the move signals growing institutional adoption ahead of MiCA’s full implementation.

Patrick Hansen, Circle’s Senior Director for EU Strategy, framed the development as part of a broader race among fintechs and traditional banks to comply with incoming regulations. "Financial institutions are sprinting to secure MiCA licenses before the transition period concludes," he noted, highlighting the competitive landscape shaping Europe’s crypto infrastructure.