BingX and YouHodler join EU MiCA register, now at 375 firms
ESMA's latest MiCA register update adds nine crypto service providers, including BingX, YouHodler and Santander's Openbank, for 375 licensed firms in total.
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The European Union's register of crypto firms licensed under MiCA grew by nine crypto-asset service providers (CASPs) in Friday's update from the European Securities and Markets Authority (ESMA), taking the total to 375 unique providers. Cointelegraph went through the changes on Monday. A MiCA licence from one EU country lets a firm offer its services across the whole European Economic Area; our new explainer what is MiCA covers how that works. Here are the names worth knowing.
BingX gets its EU foothold through Austria
Crypto exchange BingX appears through its Austrian entity, MEGE zweite. BingX had announced the approval last week. Daniel Lai, CEO of BingX EU, said it would let the company run under a clear regulatory framework as it gets ready to launch regulated services across the EEA.
YouHodler's Italian subsidiary
Crypto lending platform YouHodler, known for its yield products, was listed through its Italian arm. Its authorization covers custody, exchange services, order execution and transfers of crypto assets. It also announced the licence last week.
A Santander bank and two German cooperatives
Traditional banks keep showing up. Germany's additions include Openbank Deutschland, part of Spain's Banco Santander group, plus two cooperative lenders, VR-Bank Alb-Blau-Donau and VR Bank im südlichen Franken. Banks offering crypto alongside ordinary accounts are a growing share of the register, which matters for anyone weighing centralized vs decentralized exchanges.
Spain's Prakma Markets
Prakma Markets, linked to the Goin crypto app, runs a savings and investment platform and was also added.
A Danish firm drops off the list
Denmark's Penning Financial Services no longer appears, even though it had been listed in updates since July 3. A Penning spokesperson told Cointelegraph its MiCA authorization had not changed and that it had heard nothing from Denmark's financial regulator. ESMA and the Danish regulator had not responded to Cointelegraph by publication time.
The other registers
- E-money tokens (EMTs): unchanged at 50 entries from 25 entities. These are the euro- and dollar-pegged stablecoins MiCA regulates; USDC was recently named a significant e-money token by the EBA.
- Asset-referenced tokens (ARTs): still empty.
- Non-compliant providers: up by five entries to 178. This blacklist names firms serving EU users without authorization.
This article is for information only and is not financial advice. Crypto assets are volatile; do your own research. Read our disclaimer
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