KuCoin’s European unit has received a Markets in Crypto-Assets Regulation license in Austria. The license was granted to KuCoin EU Exchange GmbH and allows the company to offer regulated crypto services across 29 countries in the European Economic Area. Malta is excluded.

The license requires compliance with MiCA rules, which set a single standard for crypto firms across the bloc and mandate a Crypto-Asset Service Provider license for companies offering exchanges, custodial wallets, advice, and other related services.

Legal Basis and Expansion

The license gives KuCoin a legal basis to operate under the EU’s unified crypto framework. MiCA sets common rules for digital asset firms across the bloc. The company noted that the approval supports its broader compliance expansion.

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The firm added that the approval follows its recent registration with AUSTRAC in Australia. It also pointed to expanded compliance systems in several major markets.

BC Wong, KuCoin’s chief executive, called the license a “defining milestone” in its compliance plans. He added that MiCA represents “one of the highest regulatory standards worldwide.”

User Transition in the EEA

The company also referenced its security certifications and ongoing proof-of-reserves audits as part of its risk controls.

KuCoin stated that users in the EEA, except Malta, will be served through the EU platform. It added that new registrations on the global platform will no longer be available for EEA users. Further updates will be shared through official announcements.

Coinbase, Bybit, and Other Exchanges Secure MiCA Approval

Other crypto exchanges have also obtained MiCA licenses to operate across the European Economic Area. Kraken launched services in all 30 EEA countries under its license, while Coinbase and Bybit hold full approvals. Crypto.com has received an in-principle license.

Kraken’s entity is authorized by the Central Bank of Ireland, allowing it to serve EEA clients directly under the unified MiCA framework.

Source: Finance Magnates