Bitstamp receives Micar license | Börsen-Zeitung
Micar license rounds off trading options
BG Frankfurt
The Robinhood subsidiary Bitstamp has completed its regulatory portfolio for Europe with the preservation of the Micar license. As early as autumn 2024, the oldest European crypto tour had received a MiFID license to operate a multilateral trading device (MTF), which also enables the trade of crypto derivatives. The combination of spot and appointment contracts is particularly important for professional investors, so hedging can be operated from a single source.
Regulatory foundation
Bitstamp from the Luxembourg supervision CSSF (Commission de Surveillance du Secteur Financier) received admission as a crypto asset service provider (CASP). “Micar offers a regulatory foundation that creates investor trust. Our admission underlines our commitment to security and quality,” says Jean-Baptiste Graftieaux, Global CEO from Bitstamp In a message. In order to obtain the license, the company has therefore carried out extensions in the stable coin offer in accordance with the regulations.
BISTAMP can exploit the complete value chain
According to the regulatory expert Patrick Hansen, the Bitstamp license has a special quality. Because this set Bitstamp in a position to operate your crypto trading place like a normal MiFID-MTF. A multilateral order book could be carried out in which customer orders could be brought together directly, So hansen on Twitter/x.
In addition to the Micar and MiFID licenses, the Luxembourgers also have an EU payment permit and could thus cover the entire value chain. For crypto platforms, it is important to present fully functional payment flows in order to be able to represent accounts/depots for customers and the movement of assets without as frictional as possible.
Are tokenized US shares come?
Robinhood had carried out the Bitstamp acquisition in mid-2024 for an indicative assessment of around $ 200 million. Bitstamp acts primarily from Luxembourg and London. Robinhood should strive for an integrated expansion of their app in Europe, as the Americans recently received an EU-wide brokerage license in Lithuania. Robinhood CEO Vlad Tenev recently indicated that an offer of tokenized US shares is planned for European investors.
