EU CRYPTO DERIVATIVES · COINMERCE · LAST VERIFIED
Does Coinmerce hold a MiFID II authorisation for crypto derivatives in the EU?
Coinmerce does not appear in our register as a MiFID II-authorised crypto-derivative venue in the EEA. It does hold a MiCA spot-crypto authorisation, which does not cover derivatives.
Verdict: Coinmerce does not currently hold a MiFID II authorisation for crypto derivatives in the EEA.
| Current MiCA position | Coinmerce B.V. (Dutch Authority for the Financial Markets (AFM)) |
|---|---|
| MiFID II status | Not authorised in any EEA member state in our register |
Enforcement context: from , providers of crypto-derivative services to EEA residents without MiFID II authorisation are operating outside the EU regulatory perimeter.
What does this mean for me as a user of Coinmerce?
Coinmerce is a Dutch crypto-asset service provider authorised by the Dutch Authority for the Financial Markets (AFM) under Article 63 of MiCAR (Regulation (EU) 2023/1114). Coinmerce holds NO MiFID II investment-firm authorisation. Its MiCA scope is limited to (a) custody, (c) exchange of crypto for funds, (d) exchange of crypto for crypto, and (j) transfer services for crypto. It does not hold authorisations for (e) execution of orders or (g) reception and transmission of orders, which confirms a principal/dealer broker model rather than a multilateral trading venue.
Coinmerce offers spot crypto only. It does not offer derivatives, futures, perpetuals, CFDs, margin trading, or leverage to EEA users. This is a clean MiCA-only register entry: there are no leveraged-product grey-area issues and no regulator warnings. The MiCA authorisation passports into Belgium, Germany, Spain, France and Poland per the AFM register's outgoing-passport column.
If you want crypto-derivative services under an EEA MiFID II authorisation, Coinmerce is not the venue. See the MiFID II-authorised alternatives below.
What are the MiFID II-authorised alternatives?
Six firms in our register hold a MiFID II authorisation that covers crypto derivatives in the EEA. Kraken, Coinbase, and OKX have verified live retail products; the other three hold the relevant licences but the live retail-product status differs.
- OKX - MFSA Malta authorisation (OKX Europe Markets Limited); EUR-native deposit, X-Perps 5-year-expiry crypto futures. Live.
- Kraken - CySEC Cyprus authorisation (Payward Europe Digital Solutions (CY) Limited, licence 342/17); USD-margined perpetuals and fixed-maturity futures. Live.
- Crypto.com - CySEC Cyprus authorisation (Foris Capital CY Ltd, CIF 344/17); licence covers derivatives and CFDs. Live retail product not independently verified at the time of writing.
- Bitstamp - ATVP Slovenia MTF licence (Bitstamp Financial Services Ltd., granted 24 October 2024); crypto-derivatives multilateral trading facility. Live retail trading not independently verified at the time of writing.
- Bitpanda - FMA Austria MiFID II investment firm (Bitpanda Financial Services GmbH); CFDs on crypto under own-account dealing (Bitpanda Leverage, L-Tokens, S-Tokens, A-Token Derivative). Live for CFDs.
Frequently asked questions about Coinmerce and MiFID II
Does Coinmerce hold a MiFID II authorisation for crypto derivatives in the EU?
No. Coinmerce's EU presence is limited to a recent MiCA authorisation under Dutch Authority for the Financial Markets (AFM). No MiFID II investment-firm authorisation for crypto derivatives has been identified in publicly searchable EEA registers.
What are the MiFID II-authorised alternatives if I want regulated crypto derivatives in the EU?
Six firms in our register hold a MiFID II authorisation that covers crypto derivatives: OKX via OKX Europe Markets Limited (MFSA Malta), Kraken via Payward Europe Digital Solutions (CY) Limited (CySEC Cyprus, licence 342/17), Coinbase via Coinbase Financial Services Europe Ltd. (CySEC Cyprus, CIF 374/19, acquired from BUX Cyprus August 2024), Crypto.com via Foris Capital CY Ltd (CySEC Cyprus, CIF 344/17), Bitstamp via Bitstamp Financial Services Ltd. (ATVP Slovenia, MTF licence granted 24 October 2024), and Bitpanda via Bitpanda Financial Services GmbH (FMA Austria, MiFID II investment firm offering CFDs on crypto). Each firm's profile page sets out the licensed entity, regulator, product structure, and whether the retail product is verified live.
How does The Crypto Register verify MiFID II authorisations?
Every MiFID II authorisation claim on this site is verified against at least two primary sources: the firm's own published regulatory disclosures, plus an independent regulator or press source. Our full methodology describes the verification process. Corrections welcome at our contact page.
Sources cited on this page
All facts on this page are verified against at least two primary sources per our methodology. Corrections welcome at our contact page.