EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Acheron | Acheron Trading licensed under MiCA in the European Union?
Acheron | Acheron Trading's European entity (Acheron Europe B.V.) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Netherlands on 26 May 2025.
Verdict: Acheron | Acheron Trading appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Acheron Europe B.V. |
|---|---|
| Home Member State | Netherlands |
| National Competent Authority | Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 699400TPXCI7R4A0NG65 |
| Authorised services | Custody, Order execution, Portfolio management, Portfolio management on crypto-assets, Transfer services |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Acheron | Acheron Trading
Acheron Trading is an institutional crypto market maker and liquidity provider, not a consumer crypto exchange, bank, custodian, broker or retail asset manager. On its website the firm describes itself as providing 'robust, takable liquidity across a broad price spectrum' for digital assets across centralized and decentralized venues, with services aimed at issuers and professional clients: principal market making (a loan plus call-option model), designated market making (a contractual relationship), managed execution (automated agency execution for buying and selling digital assets) and a technology-provider offering (the Command Station trading infrastructure and software licensing). There are no retail savings, card, staking or recurring-buy products described. Source: Acheron Trading
According to research and the firm's own disclosures, the wider Acheron Trading business was founded in January 2018 and is headquartered in Singapore (Acheron Pte. Ltd.), with the EU-facing entity, Acheron Europe B.V., incorporated in Amsterdam, Netherlands on 4 September 2024. Research describes Acheron as the first dedicated crypto market maker to secure a CASP licence under MiCA. Its activity is multi-asset rather than Bitcoin-only and spot/execution-based, and any custody or settlement is positioned for professional clients and institutional EUR settlement, not consumer asset storage. These are the firm's and the cited sources' characterisations of the business. Sources: PR Newswire, Acheron Trading disclaimer
On the legal point: the contracting MiCA entity is Acheron Europe B.V., established in the Netherlands and supervised by the Netherlands Authority for the Financial Markets (AFM). Under its MiCA crypto-asset service provider authorisation, the ESMA register records it as authorised for custody and administration of crypto-assets, execution of orders, portfolio management, portfolio management on crypto-assets, and transfer services. Authorisation is anchored in the Netherlands and can be passported across the EU; research indicates it appears on AFM/ESMA registers and on the French AMF white list. Sources: AMF white list - Acheron Europe B.V., Acheron Trading
What the licence does not cover matters as much as what it does. The authorisation is held by Acheron Europe B.V. for the institutional services listed above; it is not a banking, deposit-taking or e-money licence, and the research describes no MiCA authorisation for placing crypto-assets, operating a trading platform, exchange of crypto-assets for funds or other crypto-assets, reception and transmission of orders on behalf of clients, or advice on crypto-assets. Anyone evaluating Acheron should treat it as a regulated institutional liquidity and execution provider rather than a retail product, and verify the live scope of services in the public ESMA and AFM registers before relying on it. Sources: AMF white list - Acheron Europe B.V., PR Newswire
Which crypto services is Acheron | Acheron Trading authorised to offer in the EU?
Under its MiCA authorisation issued by Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB), Acheron | Acheron Trading (Acheron Europe B.V.) is approved to provide the following services to EEA residents. Each service is defined in Article 3(1)(16) of Regulation (EU) 2023/1114.
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Providing custody and administration of crypto-assets on behalf of clients
The exchange holds your crypto in its own wallets. Authorisation here means MiCA's segregation and insurance rules apply: client crypto-assets must be ring-fenced from the exchange's own funds.
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Execution of orders for crypto-assets on behalf of clients
The exchange can place orders for you on third-party venues (smart-routing). Less common in retail crypto; relevant for brokerage-style services.
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Providing transfer services for crypto-assets on behalf of clients
The exchange can move crypto between addresses on your behalf, including off-platform withdrawals. The Travel Rule applies to these transfers.
Which services is Acheron | Acheron Trading not authorised to offer?
Acheron | Acheron Trading's MiCA licence does not cover: Trading platform, Exchange for funds, Exchange for crypto, Placing, Order R&T, Advice, Portfolio mgmt. These services may still be offered by other authorised providers, or by Acheron | Acheron Trading under a different regulatory framework (for example, derivatives may fall under MiFID II rather than MiCA). Source: ESMA Register, retrieved 30 June 2026.
See other MiCA-authorised exchanges by service:
Why is Acheron | Acheron Trading licensed in Netherlands?
The Netherlands historically had one of the strictest pre-MiCA crypto frameworks, with DNB running a stand-alone Wwft register. AFM is the MiCA-designated competent authority. Bitvavo is the dominant Dutch-licensed CASP; many global exchanges previously withdrew from the Dutch market under pre-MiCA pressure. Source: Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB).
| National Competent Authority | Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB) |
|---|---|
| Investor compensation | DSI (Dutch investor compensation scheme) cover is limited. |
| Regulatory context | Marketing rules around crypto are particularly strict; AFM has fined non-compliant promotional activity. |
What does this mean for users of Acheron | Acheron Trading in the EU?
If you transact through Acheron | Acheron Trading's EEA-authorised entity (Acheron Europe B.V.), the protections introduced by MiCA apply to your relationship from onwards. In practical terms this means: client crypto-assets are ring-fenced from the exchange's own funds (Article 70 MiCA), the authorised entity holds prudential capital, has formal complaint-handling procedures, and is subject to transparency obligations on fees and order execution. Source: Regulation (EU) 2023/1114.
One thing to verify yourself: the legal entity you contract with day-to-day must match the entity in the ESMA register. Some global exchanges operate multiple legal entities under one brand. Confirm in Acheron | Acheron Trading's terms of service that your contracting entity is Acheron Europe B.V., not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Acheron | Acheron Trading?
Three MiCA-authorised providers to consider. Drawn from the ESMA register, never paid placement.
| Provider | Home Member State | Authorised | Services |
|---|---|---|---|
| Alaric Securities | Bulgaria | 9 services | |
| BANQUE DELUBAC | France | 7 services | |
| COINHOUSE | France | 7 services |
Related reading
Understand the regulatory context behind Acheron | Acheron Trading's entry on the register:
Frequently asked questions about Acheron | Acheron Trading and MiCA
Is Acheron | Acheron Trading licensed under MiCA?
Yes. Acheron | Acheron Trading appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Netherlands.
Which EU countries can Acheron | Acheron Trading serve under this licence?
A MiCA authorisation in one EEA member state permits passporting across all EEA member states, subject to a notification process to each host-state regulator.
Are my crypto-assets on Acheron | Acheron Trading protected under MiCA?
MiCA introduces ring-fencing of client crypto-assets, prudential capital requirements for the authorised entity, complaint-handling obligations, and conduct rules. It does not provide a deposit-guarantee scheme equivalent to bank deposit insurance.
What's the difference between the authorised entity and the global brand?
Some global exchanges operate multiple legal entities. The MiCA authorisation applies only to the specific legal entity in the ESMA register, not to the global brand. Verify the contracting entity in Acheron | Acheron Trading's terms of service.
Where can I check the official record?
The ESMA register publishes the authoritative list and updates it weekly. The direct link to Acheron | Acheron Trading's entry is on this page under 'Sources'.
Sources
- ESMA Register of Crypto-Asset Service Providers
- Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB)
- ESMA MiCA Register - Acheron | Acheron Trading (Acheron Europe B.V.)
- Acheron | Acheron Trading official website
- AMF white list - Acheron Europe B.V. (CASP register entry)
- PR Newswire - Acheron Trading secures CASP licence under MiCA
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