Cronos (CRO) Is Eyeing a Potential Rally as Crypto.com Secures MiFID Licence

Cronos (CRO) is eyeing a potential rally as Crypto.com, the company behind the token and Crypto.com exchange, secures another significant regulatory milestone.

Cronos (CRO) price could be set for a potential rally as the company behind the token, Crypto.com, has secured another significant regulatory milestone.

Crypto.com announced on Monday that it had received the Markets in Financial Instruments Directive (MiFID) licence from the Cyprus Securities and Exchange Commission (CySEC).

The development comes after the company obtained approval from CySEC to complete the acquisition of A.N. Allnew Investments Ltd.

Already licensed by CySEC, Allnew enables Crypto.com to provide investment and ancillary services related to a broad range of financial instruments, including securities, derivatives, and contracts for difference.

With this licence, Crypto.com can now offer eligible users across the European Economic Area (EEA) a more diverse suite of financial products, marking a crucial step in its broader expansion strategy.

Earlier this year in January, Crypto.com received its Markets in Crypto-Assets (MiCA) licence, allowing the platform to provide passport services across the EEA.

This latest MiFID licence further cements Crypto.com’s standing as a regulated financial services provider in the region.

Commenting on this latest development, Kris Marszalek, co-founder and chief executive officer of Crypto.com said: “Securing a MiFID licence alongside our MiCA licence further solidifies Crypto.com’s position in offering the most comprehensive and regulated suite of financial products for users in the EEA.

“We have already expanded our brand presence in Europe since receiving our MiCA licence and we now look forward to providing customers across the region even more ways to engage with our platform through these new offerings.”

This MiFID licence adds to Crypto.com’s fast-growing portfolio of global licences and registrations.

Earlier this year, the crypto exchange giant completed the acquisition of Australian financial services firm Fintek Securities Pty Ltd.

The move followed Crypto.com’s acquisition of Cyprus-based investment firm, Charterprime Ltd, in December 2024, and its integration with institutional digital asset broker Orion Principals Limited in November 2024.

In September 2024, Crypto.com went on to acquire SEC-registered broker-dealer Watchdog Capital, LLC, to expand its services in the U.S. market.

Announced in May, the partnership will see the two companies launch the Canary CRO Trust, the first Private Investment Vehicle for Cronos (CRO) token.

The product is being marketed to investors in the U.S., which aligns with Crypto.com’s 2025 Roadmap to expand its services and footprint in key markets.

These developments, combined with broader crypto market sentiment, could be a huge factor for Cronos (CRO) token price in 2025.

In the past three months, CRO price reached highs of $0.1, while it hit $0.22 in December 2024.

Currently, the token is showing bullish potential with the ascending triangle pattern.