Crypto.com Secures MiFID License to Offer Regulated Derivatives Across European Economic Area Following MiCA Approval

Crypto.com has secured a Markets in Financial Instruments Directive (MiFID) license, enabling the company to offer regulated investment services

Crypto.com, the renowned cryptocurrency platform, has achieved another regulatory milestone with the acquisition of a Markets in Financial Instruments Directive (MiFID) license. This development permits the company to offer a broader range of investment services, including securities and derivatives, across the European Economic Area (EEA).

Earlier this year, Crypto.com secured approval under the Markets in Crypto-Assets Regulation (MiCA) framework, paving the way for its full launch in France and subsequent expansion to other European markets. MiCA, designed to regulate firms operating with crypto-assets, granted Crypto.com the status of a crypto asset service provider.

Now, with the addition of the MiFID license, Crypto.com is authorized to provide eligible users in Europe with access to traditional investment products, such as stocks and bonds, in addition to its existing cryptocurrency offerings.

This news comes as several cryptocurrency platforms are seeking broader financial licenses to expand their operations and services. Earlier this year, Coinbase applied for a U.S. securities exchange license, while Binance is reportedly planning to apply for a MiFID license.

Crypto.com's acquisition of the MiFID license marks a significant step in the company's ongoing efforts to expand its presence in key global markets.