Singapore-based Crypto.com has secured a Markets in Crypto-Assets (MiCA) license, allowing it to expand its services across the 30-member European Economic Area (EEA). The approval, granted by the Malta Financial Services Authority (MFSA) on February 12, 2025, positions Crypto.com as the first major global cryptocurrency exchange to achieve full MiCA compliance.
The EEA comprises the 27 European Union (EU) nations along with Iceland, Liechtenstein, and Norway. With this regulatory approval, Crypto.com is now poised to significantly increase its presence across Europe. The company emphasized its commitment to strengthening its brand in key markets while attracting a larger user base to its industry-leading platform.
Malta’s Growing Role in MiCA Licensing
Malta has rapidly become a hub for crypto firms seeking MiCA compliance. On January 20, 2025, Gemini, the US-based exchange, announced relocating its headquarters from Dublin to Malta, highlighting the nation’s appeal as a regulatory destination. Crypto.com’s successful MiCA approval underscores the strategic importance of Malta in the evolving European crypto landscape.
Crypto.com’s 2025 Roadmap
The company has outlined an ambitious growth strategy for 2025, including the launch of a Cronos-based exchange-traded fund (ETF), the introduction of a new stablecoin, and an expansion of its financial services portfolio. These initiatives align with its broader goal of securing a stronger foothold in the global cryptocurrency market.
US Expansion and Compliance Adjustments
Beyond Europe, Crypto.com continues to push its presence in the United States. Following its exchange launch on January 21, 2025, the company reinforced its commitment to the US market despite increasing regulatory scrutiny. However, in compliance with MiCA regulations, Crypto.com confirmed it would delist USDT and nine other digital assets by March 31, 2025.
CEO and Co-Founder Kris Marszalek expressed enthusiasm about the company’s expansion, stating, “We took the time to build the best possible product for institutional and advanced users worldwide and are now incredibly excited to fully introduce it in the US market.”
A Global Crypto Powerhouse
Crypto.com’s MiCA approval solidifies its status as a leading global cryptocurrency service provider. Its latest moves, including the filing of a Cronos ETF application in Europe and its proactive approach to regulatory compliance, reflect its dedication to long-term market growth. The company has also been at the forefront of legal battles, filing a lawsuit against the US Securities and Exchange Commission (SEC) last year to defend the future of the crypto industry.
With regulatory clarity now in place, Crypto.com is well-positioned to drive mass adoption of digital assets while navigating the evolving regulatory landscape.
