Crypto.com has secured a significant regulatory milestone, allowing it to offer crypto services across all European Economic Area (EEA) Member States. This approval strengthens the company’s presence in major European markets and broadens access to its platform.
The expansion follows Crypto.com’s recent achievement of securing a MiCA license from the Malta Financial Services Authority (MFSA). With this approval, Crypto.com becomes the first major global crypto asset service provider (CASP) to obtain full MiCA authorization.
Crypto.com’s President and COO, Eric Anziani, emphasized the importance of the approval, stating:
“Receiving this approval further cements our continued commitment to being the most compliant and regulated crypto platform globally.”
The MiCA license is part of Crypto.com’s broader regulatory strategy, adding to its existing approvals in the U.K., Singapore, Dubai, the U.S., and Australia.
Bitpanda Secures FCA Approval for U.K. Expansion
Meanwhile, Bitpanda has received regulatory approval from the U.K.’s Financial Conduct Authority (FCA), marking a major milestone in its European expansion.
This approval reverses previous restrictions, allowing U.K. investors to fully access Bitpanda’s platform, which offers over 500 cryptocurrencies, staking, savings plans, and crypto indices.
Bitpanda’s CEO, Eric Demuth, emphasized the strategic importance of the U.K. market:
“Being Europe’s leading crypto platform means being in the U.K. – there was no question about it.”
As part of its U.K. expansion, Bitpanda plans to reopen its London office and grow its local team, reinforcing its presence in the region.
The approval is particularly significant because Bitpanda had previously restricted access for new users in the U.K., only allowing existing clients to continue trading under an online agreement.
Crypto Firms Strengthen Their Hold in Europe
With these key regulatory approvals, Crypto.com and Bitpanda are further solidifying their presence in Europe’s crypto market.
• Crypto.com’s MiCA approval enables seamless cross-border crypto services in all 30 EEA countries.
• Bitpanda’s FCA approval allows full access to its platform for U.K. investors, marking a comeback after previous restrictions.
As regulations tighten across Europe, obtaining regulatory approval has become a critical factor for crypto firms looking to scale. With both companies now in compliance with European and U.K. regulations, they are well-positioned to expand further in the region.
