The day began with the explosive news that BTC broke the ATH record and soared above the $110,000 mark. On the other hand, Crypto.com secured a MiFID license in light of the firm’s acquisition of Allnew Investments Ltd. This is a major piece of news that could greatly change the future.
This move by Crypto.com marks its entry into the fray of the European traditional finance arena. This move will establish Crypto.com as one of the most prominent names in the regulated finance services. Therefore, the company would find regulated assistance to appeal to a broader group of people.
Earlier this year, the firm also made headway in acquiring the MiCA or Markets in Crypto Assets licence. Both of these licenses would allow the company to expand its footprint in the community.
Co-founder and CEO Kris Marszalek shared a statement about this license acquisition, claiming, “Securing a MiFID license alongside our MiCA license further solidifies Crypto.com’s position in offering the most comprehensive and regulated suite of financial products for users in the EEA.”
This is one of the firm’s most significant regulatory wins, which can catapult the firm’s success to new heights.
