EU Fintech Trade Republic Secures Full MiCA License From Germany’s BaFin

The German financial regulatory body (Bafin) granted a full license to one of the largest European Fintech, trade republic.

The license allows the German Committee to offer a crypto binding its four million customer bases in 17 markets.

According to Circle Executive Patrick Hansen, the full market licenses in crypto assets (Mica) to carry out or transfer client orders and offer transmission services.

“This means that the Committee can now run almost its entire cryptology offer in all 30 EEA countries,” he wrote on X.

𝐎𝐧𝐞 𝐨𝐟 𝐄𝐮𝐫𝐨𝐩𝐞 𝐄𝐮𝐫𝐨𝐩𝐞 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐟𝐢𝐧𝐭𝐞𝐜𝐡𝐬 𝐣𝐮𝐬𝐭 𝐬𝐞𝐜𝐮𝐫𝐞𝐝 𝐚 𝐟𝐮𝐥𝐥 𝐌𝐢𝐂𝐀 𝐟𝐫𝐨𝐦 𝐁𝐚𝐅𝐢𝐧 𝐁𝐚𝐅𝐢𝐧 𝐁𝐚𝐅𝐢𝐧

The Commercial Republic is now authorized to:

• crypto assets in custody
• Launch client orders
• Receive and transfer orders… pic.twitter.com/3p8mzmty

– Patrick Hansen (@Paddi_hasen) 17th May 2025

36% of all the licenses

Germany was. Zonrunner in the European cryptal space and grants a full license of the mica to 9 providers of the Krypto Asset (CASP) service.

Hansen stressed that Bafin granted “impressive” 9 of the first 25 licenses of Mida Casp in the EU. This accounts for 36% of all CASP licenses throughout the EU, he added.

Since April, Only 15 Casps were registered Below the frame of the mica in the first 100 days of implementation. Since then, the number has increased to 25, to Hansen’s latest contribution.

He also described this step as evidence of how KASP and Fintech in the region are already making efforts to secure the license before the end of the transition.

“The race is turned on: Nebanks, brokers, other Fintech and even traditional banks are moving quickly to ensure their mica licenses before the transition.”

The approval of Bafin comes at the same time as the financial regulator of Luxembourg granted a License of Moine on Bitstamp Crypto exchange.

Crypto companies move quickly to get a license before it is too late

In April the lawyer Ilja Nikiforov predicted The fact that up to 75% of European registered crypto companies (VASP) lose their status if they fail to obtain a SIDA license in time, which is in the middle of 2025.

So far some of the key industrial players such as Ring, Okx, Bitgo Europe, MoonpayAmong other things, they received licenses. However, other global crypto players such as Binance, Kraken and Tether are not listed in the EU area. Interestingly, most of them started the application.

“There is no Sica license in 30 EHE Passports Services – that’s why the industry is moving fast. The plant is to gain share in the market,” Hansen said in the April post.

Contribution EU FINTECH Trade Republic provides a full license of mica licenses from Bafin German He appeared for the first time Cryptonews.

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