- Bitpanda announced it received approval from Germany’s BaFin to comply with the MiCA framework.
- Crypto.com announced its full MiCA license on Monday via X.
- Other platforms have also secured the key regulatory registration following the full roll-out in December 2024.
Crypto.com and Bitpanda have both been approved as Markets in Crypto-Assets (MiCA) licensed exchanges, the companies said in announcements on Monday.
The Crypto.com team said on X that it had received the full MiCA license, coming just days after the exchange announced it had obtained “in principle” approval from Malta’s financial markets regulator.
Bitpanda said in a blog post that it secured approval from the German Federal Financial Supervisory Authority (BaFin).
Exchanges obtain MiCA approval
These approvals add to the growing number of crypto platforms and service providers that have secured authorization to operate and expand within the European Union.
The announcements follow the full implementation of MiCA regulations across the EU at the end of 2024, which prompted several exchanges to declare compliance plans. MiCA authorization allows providers to offer their products and services throughout the European Economic Area (EEA), a major market for crypto activity and adoption.
Lukas Enzersdorfer-Konrad, Chief Operating Officer of Bitpanda, said in a statement:
“This achievement is the result of a decade of commitment to compliance and regulation. With MiCAR we not only meet the industry’s highest standards, we help set them. Our focus now is on leveraging this license to accelerate adoption and growth across the European market.”
Bitpanda and Crypto.com now join the list of crypto platforms that have received MiCA licenses, alongside Boerse Stuttgart Digital, MoonPay, OKX and Hidden Road.