Crypto.com has officially expanded its crypto asset services to all European Economic Area (EEA) states, marking a significant milestone in its European market presence. The exchange announced the exciting news, stating, “Crypto.com is proud to confirm from today it can provide crypto asset services cross-border to all EEA Member States. We look forward to raising our brand profile in vital European markets and attracting more customers to our industry-leading platform.”
This expansion comes on the heels of Crypto.com securing a full Markets in Crypto-Assets (MiCA) license, further solidifying its position in the European market. The Malta Financial Services Authority (MFSA) granted the exchange full licensing in January, allowing it to operate across the EEA under a unified regulatory structure. MiCA, which recently came into force, represents Europe’s first comprehensive crypto regulatory framework aimed at standardizing rules across member states and introducing 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 sets operational standards for issuers and service providers. In adherence to these regulations, Crypto.com has removed Tether’s USDT and nine other tokens from its platform.
In addition to its European expansion, Crypto.com is also enhancing its institutional services. The company recently introduced an upgraded trading platform for US-based institutional and advanced traders, offering deep liquidity and minimal latency to enhance trading efficiency. Furthermore, Crypto.com has rolled out Crypto.com Custody, a secure asset storage solution tailored for institutional clients operating under strict regulatory oversight in the US and Singapore to ensure compliance with industry standards.
For North American clients, assets are safeguarded through Crypto.com Custody Trust Company, a Qualified Custodian chartered by the New Hampshire Banking Department. Institutional users outside the US and Canada can access custodial services via Crypto.com Custody Singapore, supervised by the Monetary Authority of Singapore (MAS). The custody platform incorporates robust security measures, including multi-party computation (MPC) wallets to protect private keys, enhancing resilience against cyber threats while providing seamless accessibility for institutional investors.
Overall, Crypto.com’s expansion into the EEA and its commitment to enhancing institutional services demonstrate its continued growth and leadership in the crypto industry. With a focus on regulatory compliance, consumer protection, and innovative solutions, Crypto.com is poised to attract more customers and establish itself as a key player in the European and global crypto markets.