European fintech company Trade Republic receives full MiCA license from German regulator BaFin

According to Cryptonews, German financial regulator BaFin has granted Trade Republic, one of Europe's largest fintech companies, a full Crypto Asset Market Regulation Act (MiCA) license. The license allows the German company to provide crypto asset custody services to its 4 million users covering 17 markets and to operate in all 30 European Economic Area countries. According to the data, there are currently 25 crypto asset service providers (CASPs) within the European Union that have obtained MiCA licenses, of which 9 (36%) are issued by German regulator BaFin. It is worth noting that all crypto asset service providers need to obtain a MiCA license by mid-2025, otherwise they will not be able to carry out cross-border business in the European Union region.