Acheron Trading became the first crypto market maker for CASP licenses. Currently, we can provide services to users across the European Union under MICA regulations.
According to a press release sent to Crypto.News, Singapore-based Crypto Market Maker has recently been issued a Crypto-Asset Service Provider License or CASP license. The license was granted by the authorities for the Dutch financial markets, so Acheron was also included in the European Securities Markets Agency in the public register of AFM.
Prior to Aceron, there was no dedicated Crypto market maker who successfully obtained a CASP license based on encrypted regulations or MICA’s current market. As of January 2025, AFM granted only CASP licenses to a total of four crypto companies.
According to the agency’s website, crypto companies registered under De Nederlandsche Bank or DNB must obtain a license from AFM or another European Supervisory Authority by June 30, 2025, or from the latest European Supervisory Authority if they wish to continue operating in the EU.
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Acheron Trading became the first market maker in the crypto space that secures CASP licenses, allowing the company to provide market production services across the European Union. Founded in 2018, the company trusts to distribute assets to the market from over 400 issuers.
Laurent Benayoun, CEO of Acheron Trading, said Europe has seen a steady surge in encryption. This makes the EU an attractive market for market manufacturers.
“We look forward to seeing more CASP service providers, especially those licensed exchanges the following month. We unlock the full potential of the EU crypto market,” Benayoun said.
According to the release, Acheron Trading will continue to pursue licensing in other jurisdictions. The company aims to increase compliance so that it can keep up with collective global efforts to expand regulations in the crypto sector.
The MICA Act was first put into effect on December 30, 2024. The regulations require crypto companies to register licenses under MICA to operate within the European market.
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