Bitstamp, the world’s longest-running crypto exchange, has been granted its Crypto Asset Service Provider (CASP) license approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation by the Luxembourg-based regulator, the Commission de Surveillance du Secteur Financier (CSSF). Coupled with the subsequent European Passport, the newly acquired CASP license will cover the operation of Bitstamp’s trading platform, execution of orders on behalf of clients, and custody of crypto-assets across the European Economic Area.
The coveted MiCA approval, secured under a year after Bitstamp was granted the MiFID license for operating a Multilateral Trading Facility (MTF), demonstrates Bitstamp’s adherence to the strictest regulatory standards. Bitstamp’s ongoing commitment to compliance, which has defined the company since its inception, is what enables it to provide the highest-quality products and services to its institutional and retail customers in Europe and around the world.
“Bitstamp has consistently championed the development of a thoughtful regulatory framework that prioritises investor safety and confidence, which MiCA has delivered on,” said Jean-Baptiste Graftieaux, Global CEO at Bitstamp. “MiCA’s rigour makes Bitstamp’s approval under its regime all the more momentous and will enable us to offer our European customers an incredibly reliable and protected environment for engaging with crypto-assets.”
With a vast portfolio of licences worldwide, Bitstamp is one of the world’s most regulated crypto exchanges. Receiving the CASP license under MiCA further underscores Bitstamp’s commitment to ensuring the highest security standards, its robust and transparent Know Your Customer (KYC) process, and above all, its dedication to client protection. The license approval comes after Bitstamp previously confirmed enhancements to its stablecoin offerings in accordance with MiCA guidelines.
Bitstamp remains unwavering in its commitment to actively meet regulatory requirements throughout the EU and worldwide. In addition to pursuing additional licenses in key jurisdictions, Bitstamp is looking to expand its product offerings for retail and institutional investors in Europe. To stay up to date on future company announcements, follow Bitstamp on X and LinkedIn.