European Fintech Company Trade Republic Obtains Full MiCA License from German Regulator BaFin

According to Cryptonews, the German financial regulator BaFin has granted a full Markets in Crypto-Assets (MiCA) license to Trade Republic, one of Europe's largest fintech companies. This license allows the German company to provide crypto asset custody services to its 4 million users across 17 markets and operate in all 30 European Economic Area countries. Data shows that currently, 25 crypto asset service providers (CASP) within the EU have obtained MiCA licenses, with 9 (36%) issued by the German regulator BaFin. It is noteworthy that all crypto asset service providers must obtain a MiCA license by mid-2025, or they will be unable to conduct cross-border business in the EU region.