Virtu Financial has secured Markets in Crypto-Assets regulatory approval for its Irish subsidiary, positioning the high-frequency trading giant to offer institutional crypto services across all 27 EU member states. Virtu Financial Ireland Limited received the CASP license, enabling it to provide regulated digital asset trading and liquidity provision to institutional and professional clients under the bloc’s unified framework.
The approval marks a significant expansion of Virtu’s digital asset operations into Europe’s newly regulated crypto market. Scotte Moegling, Head of Business Development for Digital Assets, emphasized the firm’s commitment to operating within robust regulatory frameworks while delivering transparency and liquidity to clients.
Virtu joins a growing list of major crypto platforms securing MiCA authorizations. Kraken obtained approval from Ireland’s central bank, with euro-denominated trading now representing 17.5% of its total volume. Crypto.com and OKX secured licenses via Malta, while Coinbase and Bitstamp gained authorization through Luxembourg.
FXnCO Insight
Traditional finance firms like Virtu entering regulated EU crypto markets signal increased institutional legitimacy and liquidity, potentially tightening spreads for professional traders operating in European digital assets.
Source: Finance Magnates