Crypto.com Approved to Open Shop in Cyprus: European Expansion Underway

Big news for crypto enthusiasts in Europe! Crypto.com has received regulatory approval from the Cyprus Securities and Exchange Commission (CySEC), paving the way for significant European expansion. The firm announced to Cointelegraph on Friday that launching a service under Crypto.com has achieved this pivotal milestone.

Operating under the CySEC umbrella allows Crypto.com to leverage its new regulatory profile to expand its services into the European Markets. This Cyprus approval isn't just a formality; it unlocks a wider range of opportunities for users within the EEA.

Crypto.com Secures MiFID License for European Markets

Further solidifying its commitment to the European market, Crypto.com has announced that it received a Markets in Financial Instruments Directive (MiFID) license today. This crucial license allows Crypto.com to offer crypto financial derivatives in the European Economic Area (EEA). The Crypto.com secures MiFID license, expanding its services across European markets, enabling a more comprehensive suite of financial products.

The approval came after it acquired A.N. Allnew, further streamlining the process. This approval follows its earlier MiCA license, which allowed the groundwork to be laid for this exciting expansion.

What Does This Mean for Crypto.com Users in Europe?

This regulatory green light translates to a broader and more accessible range of services for Crypto.com users. Users can now access stocks, derivatives, and CFDs via Crypto.com, unlocking new investment possibilities within a secure and regulated environment. The MiFID license is a testament to Crypto.com's dedication to compliance and its commitment to providing a trusted platform for European investors.