A cryptocurrency exchange has recently secured a Markets in Crypto-Assets Regulation (MiCA) license in Malta, marking a significant step in the company’s initiative to broaden its presence in Europe. The Malta Financial Services Authority issued the license, enabling the platform to offer crypto services to clients in over 30 European nations and jurisdictions.
This development follows a recent application to list Class A common stock on the Nasdaq Global Select Market. The exchange views the MiCA approval as a testament to its commitment to regulatory compliance within Europe. Furthermore, the organization also holds a Markets in Financial Instruments Directive (MiFID II) license acquired earlier this year, permitting it to offer derivatives products in the European market.
The company emphasizes the importance of clear regulatory frameworks, asserting that effective regulation is crucial for global cryptocurrency adoption. It acknowledges that the implementation of MiCA demonstrates Europe’s progressive stance and innovation within the crypto space.
Despite this regulatory progress, the exchange has faced financial challenges. It reported a net loss of $282.5 million during the first half of 2025, a significant increase compared to the loss of $41.4 million reported in the same period the previous year. Revenue also experienced a decline, dropping from $74.3 million to $68.6 million.
On a more positive note, the number of monthly active users slightly increased to 523,000, although trading volume fell to $24.8 billion. The total assets under management on the platform remained stable at $18.2 billion. These financial results coincide with the company’s plans to go public and stand in contrast to various other cryptocurrency firms that have seen successful market introductions.