European fintech company Trade Republic has obtained a full MiCA license from Germany's BaFin

2025-05-19 17:29:32

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ChainCatcher news, according to Cryptonews, Germany's financial regulator BaFin has granted a full Markets in Crypto-Assets (MiCA) license to Trade Republic, one of the largest fintech companies in Europe. This license allows the German company to provide crypto asset custody services for its 4 million users across 17 markets and to operate in all 30 countries of the European Economic Area.

Data shows that currently, 25 crypto asset service providers (CASPs) have obtained MiCA licenses across the EU, of which 9 (36%) were issued by the German regulator BaFin. It is noteworthy that all crypto asset service providers must obtain a MiCA license by mid-2025; otherwise, they will not be able to conduct cross-border business in the EU, prompting many companies in the industry to accelerate their applications.

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