Crypto.com Expands in Europe, Bolsters Institutional Offerings

Crypto.com, a leading cryptocurrency exchange, has obtained a new Markets in Crypto-Assets (MiCA) license, enabling it to officially service customers across the European Economic Area (EEA). This development comes after the exchange secured full licensing from the Malta Financial Services Authority (MFSA) in January, allowing it to operate across the EEA under a unified regulatory structure.

MiCA, which came into force at the start of the year following its adoption in 2023, represents Europe's first comprehensive crypto regulatory framework. The legislation aims to standardize rules across member states, eliminate regulatory inconsistencies, and introduce strict consumer protection policies, safeguards against market manipulation, and clear compliance obligations for crypto firms.

One of MiCA's key provisions is its stablecoin framework, which establishes operational standards for issuers and service providers. In line with these regulations, Crypto.com has removed Tether's USDT and nine other tokens from its platform.

Beyond its European expansion, Crypto.com is strengthening its institutional offerings. Last month, the company introduced an upgraded trading platform for US-based institutional and advanced traders, providing deep liquidity and minimal latency to enhance trading efficiency. Additionally, Crypto.com has rolled out Crypto.com Custody, a secure asset storage solution tailored for institutional clients. The custody service operates under strict regulatory oversight in the US and Singapore, ensuring compliance with industry standards.

The custody platform is designed with robust security measures, integrating multi-party computation (MPC) wallets to protect private keys. This proprietary security infrastructure enhances resilience against cyber threats while maintaining seamless accessibility for institutional investors.