Crypto.com has secured regulatory clearance to offer cryptocurrency financial derivatives across the European Economic Area (EEA), marking another significant milestone in its European expansion.
In a statement released on May 21, the mobile-first cryptocurrency exchange and payment platform announced it had received a Markets in Financial Instruments Directive (MiFID) license. This authorisation allows Crypto.com to introduce regulated crypto derivatives services throughout the EEA.
The move follows the firm’s earlier success in obtaining in-principle approval under the Markets in Crypto-Assets (MiCA) regulatory framework in January, further strengthening its foothold in the region. That milestone included regulatory approval from the Cyprus Securities and Exchange Commission (CySEC) for its acquisition of Cyprus-based investment firm A.N. Allnew Investments.
“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,” said Kris Marszalek, co-founder and CEO of Crypto.com.
Crypto.com’s latest licensing achievement mirrors a broader industry trend. Several cryptocurrency firms are pursuing MiFID authorisation by acquiring licensed entities in Cyprus, a known regulatory gateway into the European market.
On May 20, rival exchange Kraken revealed the launch of regulated crypto derivatives trading under the MiFID II framework. Kraken’s entry into the space leverages Payward Europe Digital Solutions, a Cyprus-based firm operating under MiFID II rules. This strategic move came shortly after Kraken completed its acquisition of the futures platform NinjaTrader and reported a 19% year-over-year revenue growth in Q1, reaching $471.7 million.