European fintech firm Trade Republic receives full MiCA license from Germany’s BaFin

PANews reports on May 19th that according to Cryptonews, the German financial regulatory authority BaFin has issued a comprehensive Crypto Asset Market (MiCA) license to Trade Republic, a large European financial technology company. This license enables Trade Republic to provide crypto asset custody services for 400 million customers in 17 markets, execute or transmit customer orders, and offer transfer services, allowing it to conduct almost all crypto businesses in nearly 30 European Economic Area (EEA) countries. Germany is leading in the European crypto field, having granted MiCA licenses to 9 crypto asset service providers, which represents 36% of the EU's first 25 licenses. As companies without licenses by mid-2025 may lose their qualifications, many companies in the industry are accelerating their license applications.