Cryptocurrency exchange Bitstamp has secured Crypto Asset Service Provider (CASP) licence approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation by the Luxembourg-based regulator, the Commission de Surveillance du Secteur Financier (CSSF).
The newly acquired CASP licence covers the operation of the Bitstamp trading platform, execution of orders on behalf of clients, and custody of crypto-assets across the European Economic Area.
The MiCA approval comes under a year after Bitstamp was granted the MiFID licence for operating a multilateral trading facility (MTF), which represented another step in Bitstamp’s plan to enhance its regulatory standards.
“Bitstamp has consistently championed the development of a thoughtful regulatory framework that prioritises investor safety and confidence, which MiCA has delivered on,” explained Jean-Baptiste Graftieaux, global CEO at Bitstamp. “MiCA’s rigour makes Bitstamp’s approval under its regime all the more momentous and will enable us to offer our European customers an incredibly reliable and protected environment for engaging with crypto-assets.”
The crypto exchange says its ongoing commitment to compliance enables it to provide the highest-quality products and services to its institutional and retail customers in Europe and around the world.
With a vast portfolio of licences worldwide, Bitstamp remains one of the world’s most regulated crypto exchanges. Receiving the CASP licence under MiCA further underscores Bitstamp’s plan to ensure the highest security standards, its transparent Know Your Customer (KYC) process, and above
all, its dedication to client protection. The license approval comes after Bitstamp previously confirmed enhancements to its stablecoin offerings in accordance with MiCA guidelines.
In its announcement, Bitstamp revealed it will remain focused on actively meeting regulatory requirements throughout the EU and beyond. In addition to pursuing additional licences in key jurisdictions, Bitstamp is looking to expand its product offerings for retail and institutional investors in Europe.
