Bitstamp, a crypto exchange that claims to be the longest-running in the world, has gained a Crypto Asset Service Provider (CASP) license. The license means the company can operate under the EU’s Markets in Crypto-Assets (MiCA) regulation. The Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg gave the approval.
The company states that the 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.
Bitstamp previously gained a MiFID license for operating a Multilateral Trading Facility (MTF) across Europe.
Jean-Baptiste Graftieaux, Global CEO of Bitstamp, says his company has consistently championed regulations that provide investor safety and build confidence in the market.
“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.”
Bitstamp claims to be one of the world’s most regulated crypto exchanges.
Bitstamp added that it intends to expand its product offerings for both retail and institutional investors in Europe.
In June 2024, Bitstamp was acquired by Robinhood (NASDAQ: HOOD) for $200 million.