BitStamp will expand in Europe with CASP licenses under MICA

Bitstamp, the world’s longest operating crypto exchange, has officially secured its Crypto Asset Service Provider (CASP) license under the EU’s new MICA framework. Licenses approved by CSSF, the Luxembourg financial regulator, allow BitStamp to operate trading platforms, execute client orders, and provide cryptographic supervision services to the European Union and the entire European economic zone.

What is special about CASP licenses?

This CASP license is part of MICA’s regulatory framework designed to make cryptography more secure and reliable across Europe. BitStamp already has a MiFID license and can operate Multilateral Trading Facility (MTF), a platform for trading multiple types of financial assets. Currently, a CASP license and European passport allow BitStamp to expand crypto services more widely and legally across Europe.

With this approval, BitStamp can now operate in all countries in the European Union (EU) and the European Economic Area (EEA). The CASP license allows the company to run trading platforms, run users’ Crypto Trade and securely store it on behalf of Crypto-Assets.

Raise the bar for compliance

Bitstamp CEO Jean-Baptiste Graftieaux praised Mica’s high standards and called it a big win for investor protection. He added that Mica’s strict rules make this approval even more important, allowing BitStamp to provide a highly reliable, protected cryptographic experience to its European customers.

With global licenses already under its belt, BitStamp continues to lead regulatory compliance. Exchanges are known for following the KYC process, ensuring high security and protecting users’ assets. Recently, we have updated our Stablecoin products to show how quickly we can adapt to new regulations in line with Mica rules.

BitStamp plans to go further. It aims to expand its services to both retail and institutional investors across the EU, and is actively working to obtain more licenses in other important markets.