Acheron Trading Blazes Trail as First CASP-Licensed Crypto Market Maker in EU

Breaking New Ground with MiCA Compliance

Holy smokes! Acheron Trading just pulled off a major coup by becoming the first-ever CASP-licensed crypto market maker. That's right, they're now free to unleash their market magic across the entire European Union, all thanks to the fresh MiCA regulations.

License Granted by Dutch Financial Watchdogs

Get this, folks: Acheron Trading, a Singapore-based powerhouse in the crypto world, just got handed a shiny new Crypto-Asset Service Provider license by none other than the Dutch Authority for the Financial Markets. Boom! Not only are they on the AFM's public register, but they're also rubbing shoulders with the European Securities Markets Authority.

Pioneering the CASP License Under MiCA

Listen up, because this is huge! Acheron Trading is the first dedicated crypto market maker to snag a CASP license under the new Markets in Crypto-Assets Regulation, or MiCA as the cool kids call it. And guess what? As of January 2025, the AFM has only granted CASP licenses to a grand total of 4 crypto firms. That's right, Acheron is in an elite club!

Deadline Looms for Crypto Firms in the EU

Time's ticking for crypto companies registered under De Nederlandsche Bank or DNB. If they want to keep the party going in the EU, they better hustle and get a license from the AFM or another European supervision authority by June 30, 2025. No ifs, ands, or buts about it!

Acheron Trading: The Go-To Market Maker in Crypto

Acheron Trading isn't just any market maker; they're the first to secure a CASP license and spread their wings across the EU. Founded back in 2018, these guys have been trusted by over 400 issuers to get their assets out there in the market. Talk about a heavyweight!

Europe's Crypto Craze: A Goldmine for Market Makers

Laurent Benayoun, the big boss at Acheron Trading, spilled the beans: Europe is seeing a massive surge in crypto adoption. From retail to corporate to institutional investors, everyone's jumping on the digital asset bandwagon. And that, my friends, makes the EU a prime target for market makers looking to make some serious moves.

Unlocking the EU's Crypto Potential

Benayoun didn't stop there. He's stoked about seeing more CASP service providers, especially exchanges, getting licensed in the coming months. Why? Because it's going to unlock the full potential of the crypto market in the EU. Get ready for a wild ride!

Acheron Trading's Global Ambitions

Hold onto your hats, because Acheron Trading isn't slowing down. They're gunning for licenses in other jurisdictions, too. Their mission? To boost compliance and keep up with the global push for regulatory clarity in the crypto space. These guys are playing the long game!

MiCA: The New Sheriff in Town

Mark your calendars, folks. The MiCA laws rolled into effect on December 30, 2024, and they mean business. Crypto firms better get in line and register for a license under MiCA if they want to keep operating in the European market. It's a whole new ball game!