Crypto.com has acquired Allnew Investments to secure a MiFID license, allowing it to offer derivatives throughout the European Economic Area (EEA). This acquisition comes shortly after Crypto.com obtained a Markets in Crypto Assets (MiCA) license, enabling it to provide crypto custody and exchange services in the region. The MiFID license, issued by the Cyprus Securities and Exchange Commission (CySEC), grants Crypto.com access to offer a wide array of financial products across EU member states and additional countries like Iceland, Liechtenstein, and Norway. As crypto exchanges increasingly venture into derivatives to explore new profit avenues, this move positions Crypto.com alongside competitors like Kraken and Coinbase, who have also pursued similar licenses via acquisitions. The financial terms of the acquisition were not disclosed.

Source 🔗