Following our report earlier today, opponent Kraken began its regulated derivative products offering Europe’s recently blocked CYPRUSED UNIT, Crypto Trading Platform Crypto.com announced that it had obtained the cyprust platform (MIFID) permission.
An allnew was previously the glegacyfx and xeprime online broker operator.
Allnew holds CIF license from CYSEC to provide investment and auxiliary services in relation to various financial instruments. With this acquisition, Crypto.com stated that it would be able to provide eligible users a wide range of financial products, including securities, derivatives, differences of differences (CFDs) and others.
This comes after Crypto.com has received the MICA license in January 2025, allowing it to gradient passport services across the European Economic Area (EEA) and is the latest milestone to support the Crypto.com road map and its plans to expand its products.
Kris Marszalek, co -founder and chief executive of Crypto.com, said,
“Ensuring a Mifid license alongside the MICA license further enhances Crypto.com’s position by offering the most comprehensive and adjustable financial suite for EEA users.
The Mifid license adds to the Crypto.com extension list for licenses and registrations worldwide, and this announcement also follows some recent acquisitions for Crypto.com, including the acquisition of ASIC with Fintek Securities PTY Ltd in Australia, Charterprime Ltd, Orion Mhreech Sec-sur Broker-Dealer Capital, LLC.
Crypto.com has also recruited a talent from the World Brokerage FX and CFDS, such as the recent lease of the IG Alum Alex Ratford as head of corporate relationships.