Crypto.com Goes Full Bull in Europe—Scoops Up MiFID Derivatives License
Crypto.com just leveled up its EU game—snagging a MiFID derivatives license to offer regulated crypto derivatives. Traders, meet your new playground.
Why it matters: This isn’t just another compliance checkbox. It’s a power move—letting them tap into Europe’s $14T derivatives market while traditional finance still debates whether Bitcoin is ‘real.’
The cynical take: Watch legacy banks suddenly ‘discover’ crypto derivatives now that someone else did the regulatory heavy lifting.
- Crypto.com acquires MiFID license to offer crypto derivatives across Europe.
- Acquisition of Cyprus firm A.N. Allnew Investments enabled MiFID approval.
- Crypto.com joins Kraken and Gemini in expanding into regulated derivatives.
Crypto.com has secured a MiFID license to offer crypto financial derivatives in the European Economic Area (EEA). This approval follows its earlier MiCA license, which allowed the company to expand its services across the region. The new license helps the firm expand in Europe and offer its customers more features on the platform.
Cyprus-based A.N. Allnew Investments Acquisition
This latest achievement comes after Crypto.com acquired Cyprus-based A.N. Allnew Investments, which helped them secure the licenses. The company obtained the license from Cyprus Securities and Exchange Commission (CySEC) that lets them provide various financial products to people in the EU member states, Iceland, Liechtenstein and Norway. Crypto.com can now serve more customers in Europe, with its MiFID license.
Crypto.com’s co-founder and CEO, Kris Marszalek, expressed excitement about the new development. He noted that the company had already expanded its presence in Europe following its MiCA approval. Marszalek pointed out that the new license WOULD give Crypto.com customers more options on the platform.
Crypto Joins the Competitive Derivatives Market in Europe
Crypto.com is now at par with other crypto exchanges, like Kraken which got its MiFID license in May 2023. Kraken also purchased a company in Cyprus to meet the licensing standards. This is part of a wider trend in the industry, where crypto exchanges seek to attract new customers by introducing regulated derivatives trading in Europe.
Coinbase recently acquired the crypto derivatives platform Deribit, while Gemini obtained regulatory approval to offer derivatives services across Europe. As exchanges explore new ways to grow and earn money, derivatives continue to play a bigger role in the crypto space.
European Expansion
Crypto.com’s expansion into Europe is meant to strengthen its position in the worldwide crypto industry. In recent years, the company purchased Fintek Securities and Watchdog Capital to help with regulatory compliance and improve its operations. The company seeks to leverage its crypto derivatives to earn more money and become a stronger competitor in Europe.
With the MiFID license, the company is expected to make its European operations more credible and transparent. Crypto.com intends to use this approval to expand its services and attract both institutional and retail clients. The company has joined other major players in the race to lead the crypto derivatives market in Europe.
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