World Crypto Global
- Written by: Damian Chmiel
- Wed, 21 May 2025
- Israel
Cryptocurrencyexchange Crypto.com has obtained a Markets in Financial Instruments Directive(MiFID) license through its acquisition of Cyprus-based A.N. Allnew InvestmentsLtd, the operator of LegacyFX trading brand, the company announced today (Wednesday).Theacquisition, approved by the Cyprus Securities and Exchange Commission (CySEC),allows Crypto.com to offer a broader range of traditional financial products toeligible users across the European Economic Area (EEA), including securities,derivatives, and contracts for difference (CFDs).Crypto.com Acquires AllnewInvestments, Secures MiFID License for European ExpansionThe movefollows Crypto.com's January 2025 acquisition of a Markets in Crypto-Assets(MiCA) license, which enabled the platform to passport its cryptocurrencyservices throughout the European region. These dual authorizations position thecompany to bridge traditional and digital asset markets under a unifiedregulatory framework.Securing aMiFID licence alongside our MiCA licence further solidifies Crypto.comsposition in offering the most comprehensive and regulated suite of financialproducts for users in the EEA, said Kris Marszalek, Co-Founder and CEO ofCrypto.com. We have already expanded our brand presence in Europe sincereceiving our MiCA licence and we now look forward to providing customersacross the region even more ways to engage with our platform through these newofferings.ForCrypto.com, the MiFID license represents the latest addition to its growingregulatory portfolio. The company has pursued an aggressive acquisitionstrategy, previously purchasing Fintek Securities, Charterprime, OrionPrincipals, and SEC-registered broker-dealer Watchdog Capital.CFDs Coming in Q3 2025Plans toadd CFDs are not merely theoretical. Crypto.coms product roadmap includes theintention to launch FX, index, and commodities derivatives by the end of thisyear, most likely in the third quarter.Thissuggests that the acquisition of LegacyFX, whose website remains active andwhich is licensed by CySEC under license number 344/17, was aimed directly atsecuring the regulatory approval needed to offer CFDs, which are popular inEurope.Purchase-to-LicenseThisacquisition aligns with a growing trend among major cryptocurrency exchangesseeking to diversify their service offerings through established regulatorychannels. Rather than navigating lengthy application processes, these platformsare increasingly pursuing acquisitions of licensed entities as an entry pointto regulated markets.Crypto.comjoins other major exchanges like Kraken in adopting this approach. Just one dayprior, Kraken announced the launch of its own regulated derivatives tradingunder MiFID II through Payward Europe Digital Solutions, following itsacquisition of futures platform NinjaTrader earlier this month.Thederivatives sector has become a focal point of expansion for cryptocurrencyplatforms seeking growth beyond spot trading. Earlier this month, U.S.-basedCoinbase acquired derivatives platform Deribit, with CEO Brian Armstrongsignaling continued interest in strategic acquisitions.With bothMiFID and MiCA licenses secured, Crypto.com now has the regulatory clearance tooffer one of the most comprehensive product suites in the Europeancryptocurrency market.This article was written by Damian Chmiel at www.financemagnates.com.
