According to Cryptonews, the German financial regulatory agency BaFin has issued a complete Crypto Asset Market (MiCA) license to Trade Republic, a large European fintech company. This license enables Trade Republic to provide cryptocurrency custody services to 4 million customers in its 17 markets, as well as execute or transmit customer orders, provide transfer services, and conduct almost all cryptocurrency business in 30 European Economic Area (EEA) countries. Germany is at the forefront of the European crypto industry and has granted MiCA licenses to 9 crypto asset service providers, accounting for 36% of the first 25 licenses in the EU. Due to the potential loss of qualifications for European registered encryption companies that have not obtained licenses by mid-2025, many companies in the industry are accelerating their applications.
