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

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Crypto Market Maker Makes History: Acheron Trading’s License Adventure! 🚀

In a world where crypto dreams often dissolve faster than a sugar cube in hot tea, Acheron Trading has emerged as the first CASP-licensed crypto market maker. Yes, you heard that right! They can now offer their services to users across the European Union, all thanks to the MiCA regulations. Who knew regulations could be so… exciting? 🎉

According to a press release that probably made the rounds faster than a cat video, this Singapore-based crypto market maker has recently been issued a Crypto-Asset Service Provider license, or CASP license. The Dutch Authority for the Financial Markets decided to play nice and grant this license, which means Acheron is now officially listed in the AFM’s public register. They’re practically royalty in the crypto world! 👑

Before Acheron, no dedicated crypto market maker had ever managed to snag a CASP license under the current Markets in Crypto-Assets Regulation, or MiCA. As of January 2025, the AFM had only granted CASP licenses to a grand total of four crypto firms. Talk about exclusivity! It’s like the VIP section of a nightclub, but with fewer strobe lights and more spreadsheets.

According to the agency’s website, crypto companies registered under the De Nederlandsche Bank (DNB) must obtain a license from the AFM or another European supervision authority by June 30, 2025, if they want to keep their doors open in the EU. So, if you’re a crypto firm, it’s time to get your paperwork in order—no one wants to be the last one picked for dodgeball, right?

Acheron Trading, established in 2018, has become the first market maker in the crypto space to secure a CASP license, allowing them to offer their market-making services across the European Union. They’re trusted by over 400 issuers to distribute their assets to the market. That’s a lot of trust! I can barely get my cat to trust me with a can opener.

Laurent Benayoun, the CEO of Acheron Trading, stated that Europe has seen a steady surge of crypto adoption. Investors from all walks of life—retail, corporate, or institutional—are flocking to digital assets like seagulls to a dropped French fry. This makes the EU an attractive market for market makers. Who wouldn’t want to dive into that pool of opportunity?

“We look forward to seeing more CASP service providers—especially exchanges—licensed in the following months, unlocking the full potential of the crypto market in the EU,” said Benayoun. It’s like waiting for the next season of your favorite show, but with more financial implications.

According to the release, Acheron Trading plans to continue pursuing licenses in other jurisdictions. They aim to boost their compliance so they can keep up with the collective global effort to expand regulatory clarity in the crypto space. Because nothing says “fun” like compliance, right?

The MiCA laws first came into effect on December 30, 2024. These regulations require crypto firms to register for a license under MiCA to operate within the European market. So, if you’re in the crypto game, it’s time to get your ducks in a row—or at least your licenses!

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2025-05-27 13:45