Acheron Trading becomes first crypto market maker to secure CASP license under MiCA

Acheron Trading Becomes First CASP-Licensed Crypto Market Maker in the EU

In a significant development for the crypto industry, Acheron Trading has become the first crypto market maker to secure a Crypto-Asset Service Provider (CASP) license under the Markets in Crypto-Assets (MiCA) regulations in the European Union.

The Singapore-based crypto market maker has received the CASP license from the Dutch Authority for the Financial Markets (AFM), allowing it to offer its services to users across the EU. This marks a milestone, as no dedicated crypto market maker has previously succeeded in obtaining a CASP license under the current MiCA framework.

According to the agency's website, crypto companies registered under the De Nederlandsche Bank (DNB) must obtain a CASP license from the AFM or another European supervision authority by June 30, 2025, if they wish to continue operating in the EU.

Established in 2018, Acheron Trading is trusted by over 400 issuers to distribute their assets to the market. CEO Laurent Benayoun expressed his excitement about the growing crypto adoption in Europe, stating that the region has become an attractive market for market makers like Acheron.

Benayoun also noted that the company looks forward to seeing more CASP service providers, especially exchanges, licensed in the coming months, which will help unlock the full potential of the crypto market in the EU.

Acheron Trading plans to continue pursuing licenses in other jurisdictions, aiming to boost its compliance and keep up with the global effort to expand regulatory clarity in the crypto space.

The MiCA laws, which came into effect on December 30, 2024, require crypto firms to register for a license under the regulation to operate within the European market.

Key Takeaways

• Acheron Trading becomes the first CASP-licensed crypto market maker in the EU
• The Singapore-based firm received the license from the Dutch Authority for the Financial Markets (AFM)
• Acheron aims to continue pursuing licenses in other jurisdictions to boost compliance and regulatory clarity
• The MiCA regulations require crypto firms to register for a license to operate in the European market