Bitpanda, OKX, Crypto.com Secure MiCA Licenses as Exchanges Eye 450M-Strong Market

Crypto exchange Bitpanda said it secured a markets in crypto assets license (MiCA) from the German Federal Financial Supervisory Authority (BaFin).

The crypto asset service provider license will enable the exchange to operate across the European Union’s 27 nations. The Austria-based company had 6 million users in December and will use the license to accelerate its growth, it said.

“This milestone enables us to bring easy and safe investing to over 450 million people, unlocking unparalleled growth potential in a market we’re ready to fully conquer,” Eric Demuth, CEO and co-founder, said in the statement.

The company joins Boerse Stuttgart Digital, which was awarded the first license by the German regulator. MoonPay, BitStaete, ZBD and prime brokerage and clearing company Hidden Road, have also received MiCA licenses.