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Crypto.com Buys Allnew Investments to Secure MiFID License to Offer Derivatives in Europe

  • On May 21, 2025, Crypto.com announced it had obtained a MiFID license approved by CySEC following its takeover of A.N. Allnew Investments Ltd, a financial services firm headquartered in Cyprus.
  • This acquisition followed Crypto.com's January 2025 receipt of a MiCA license and aimed to expand its ability to offer regulated derivatives and financial products across the EEA.
  • By acquiring Allnew, operator of the LegacyFX brand, Crypto.com gains authorization to serve eligible users in 30 EEA member states with securities, CFDs, and derivatives.
  • CEO Kris Marszalek highlighted that obtaining the MiFID license strengthens Crypto.com’s ability to provide a broad and fully compliant range of financial services to customers throughout the EEA.
  • The license represents an important step in Crypto.com's efforts to integrate conventional financial markets with digital asset services, positioning the company alongside competitors like Kraken and Coinbase that are broadening their derivatives trading presence in Europe.
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Finance Magnates | Financial and business news broke the news in on Wednesday, May 21, 2025.
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