Webull EU has received MiCA authorisation from Dutch regulators, becoming among the first firms to secure approval after the 1 July grandfathering period ended for legacy crypto service providers. The brokerage plans to roll out crypto operations and custody services across the EU by late 2026, leveraging the harmonised regulatory framework to expand its zero-commission model already active in the US and UK. CEO Andries van Luijk described the approval as central to Webull’s European growth strategy, emphasising secure and compliant digital asset access.
The broader MiCA landscape now includes roughly 200 licensed firms following significant consolidation. Major players like Binance failed to meet transition deadlines, exposing friction points in the regime. Brussels has initiated a formal review as industry concerns mount over stablecoin requirements demanding Electronic Money Institution licences under central bank supervision, plus regulatory gaps surrounding DeFi, staking, NFTs, and tokenised assets that remain unaddressed in the current rulebook.
FXnCO Insight
Firms holding MiCA licences gain significant competitive advantage as the EU tightens oversight and begins closing regulatory loopholes that could reshape DeFi and staking markets.
Source: Finance Magnates