Germany's BaFin Grants MiCA License to Trade Republic

According to PANews, Germany's financial regulator, BaFin, has issued a comprehensive Markets in Crypto-Assets (MiCA) license to Trade Republic, a major European fintech company. This license enables Trade Republic to offer crypto asset custody services to its 4 million customers across 17 markets. Additionally, the company can execute or transmit customer orders and provide transfer services, allowing it to conduct nearly all crypto-related activities in almost 30 European Economic Area (EEA) countries. Germany is a leader in the European crypto sector, having granted MiCA licenses to nine crypto asset service providers, which accounts for 36% of the EU's initial 25 licenses. With the deadline approaching in mid-2025, when European-registered crypto companies without a license may lose their qualifications, many firms in the industry are accelerating their application processes.