Europe's largest spot crypto tour for Euro-Denominated cryptocurrencies receives license according to Mica

Bitvavo, Europe's largest spot crypto exchange for trading in euros, has officially received a Mica license from the Dutch financial market supervisory authority (AFM), which enables the company to work in all 27 member states of the European Union.

With this Permit Bitvavo is part of a growing group of crypto platforms that now meet the requirements of the Market in Crypto Assets (Mica) Framework-the uniform European regulatory system for digital assets. Jeetan Patel, Chief Risk Officer from Bitvavo, described the licensing process as “efficient” and praised the AFM for its constructive cooperation throughout the process.

A milestone for trading in euros

With the new regulatory approval, Bitvavo Coinbase and octopuses follow, which recently received their own mica licenses from the supervisory authorities in Luxembourg or Ireland. The Netherlands also granted MoonPay and three other crypto companies Mica permits, which means a rapid acceleration of licensing activities since the end of 2024.

Bitvavo's new status continues to strengthen its influence in the European cryptol landscape. The stock exchange has already dominated the EUR spot market and is now receiving seamless access to customers in the entire EU, according to the Mica Passporting Mechanism.

EU is expanding regulatory clarity

The Mica, which came into force in 2024, aims to standardize the licensing, operational transparency and consumer protection in the entire EU crypto sector. Since several important actors now have a complete license, regulation quickly changes the way in which companies interact with the European market in the area of digital assets.

Due to the early adaptation to Mica, Bitvavo positions itself for a broader growth and a higher trust of users in a rapidly developing regulatory environment.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.