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German regulators granted Trade Republic a MiCA license to provide encryption asset custody services in 30 European countries.
According to Gate News bot, as reported by Cryptonews, Germany’s financial regulator BaFin has issued a full MiCA license to the European fintech company Trade Republic. This license authorizes Trade Republic to conduct encryption asset custody business in 30 countries within the European Economic Area, covering approximately 4 million users across 17 markets.
Data shows that there are currently 25 institutions in the EU that have obtained MiCA licenses, of which 9 licenses were issued by BaFin. According to relevant regulations, all encryption asset service providers must obtain MiCA licenses by mid-2025 to continue conducting cross-border business.
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