Perpetuals.com Ltd. (NASDAQ: PDC) announced that its Cyprus-based multilateral trading facility (MTF), Perpetual Markets MTF, has received approval from the Cyprus Securities and Exchange Commission (CySEC) to offer crypto-asset services under the European Union’s Markets in Crypto-Assets Regulation (MiCA). This authorization allows the company to operate a crypto-asset trading platform, provide custody and administration, execute orders, receive and transmit orders, and transfer crypto-assets.
The approval builds on Perpetuals' existing MiFID II-regulated MTF infrastructure and provides a clear path to offer these services across the EU via MiCA’s cross-border notification framework. This means the company can now passport its crypto services into other EU member states without needing separate licenses in each country, significantly expanding its market reach.
For brokers and institutions, this development is critical. Perpetuals positions itself as a provider of white-label access to regulated European crypto services through its infrastructure. This allows other financial firms to offer crypto services to their clients without having to build their own compliant platforms, reducing time-to-market and regulatory burden.
The move comes as the EU’s MiCA regulation creates a harmonized legal framework for crypto assets across the bloc, offering clarity and consumer protection. By obtaining this authorization, Perpetuals is aligning itself with the regulatory trend, which is expected to attract institutional investors who have been wary of fragmented and uncertain crypto regulations.
The company’s proprietary trading platform, Kronos X, utilizes advanced AI and data analysis, trained on billions of trades, to monitor market activity in real time and identify patterns for trading and risk decisions. It offers multi-asset coverage with self-clearing blockchain-based settlement. Perpetuals’ licensed European MTF infrastructure and Kronos X platform operate with full compliance to MiFID II, MiCA, DORA, and EMIR, ensuring that its services meet high regulatory standards.
This authorization is a significant step for Perpetuals as it expands its global footprint, which already spans the United States, Europe, and Asia. The company’s mission is to reduce risk by empowering retail users with intuitive, secure, and efficient trading experiences across multiple asset classes. With the MiCA authorization, Perpetuals can now offer regulated crypto services to a broader European audience, potentially increasing its user base and transaction volumes.
The broader implications for the industry are substantial. As more firms gain MiCA authorization, the European crypto market is expected to become more legitimate and accessible, bridging the gap between traditional finance and digital assets. This could lead to increased adoption of cryptocurrencies among mainstream investors and financial institutions.
For more information, visit the full press release at https://ccw.fm/dCOBE. Latest news and updates on PDC are available in the company’s newsroom at https://cnw.fm/PDC.
