EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Baader Bank AG licensed under MiCA in the European Union?
Baader Bank AG's European entity (Baader Bank Aktiengesellschaft) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Germany on 16 May 2025.
Verdict: Baader Bank AG appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Baader Bank Aktiengesellschaft |
|---|---|
| Home Member State | Germany |
| National Competent Authority | Federal Financial Supervisory Authority (BaFin) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 529900JFOPPEDUR61H13 |
| Authorised services | Order execution |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Baader Bank AG
Baader Bank AG (legal entity Baader Bank Aktiengesellschaft) is a German full-service bank, not a consumer crypto exchange or wallet app. It is headquartered at Weihenstephaner Strasse 4, 85716 Unterschleissheim, near Munich, and describes itself on its own website as one of Europe's leading partners for securities trading and banking services, with more than 40 years of activity in securities trading. Its crypto activity sits inside its "Baader Trading" business and is aimed at institutional and professional partners (asset managers, neobrokers, fintechs and similar B2B clients) rather than sold as a direct retail product. Sources: Baader Bank, Baader Trading
On the MiCA question: yes, Baader Bank is authorised. According to the company, the German regulator BaFin (Federal Financial Supervisory Authority) granted Baader Bank a MiCAR licence on 24 June 2025, with EU passporting eligibility. The authorisation covers a single crypto-asset service - execution of orders for crypto-assets on behalf of clients. The licence is therefore a regulated spot-execution permission for crypto orders; it does not, on this record, cover custody, portfolio management, savings or staking products, or card services, and Baader states that crypto custody is handled by a separate BaFin-regulated custodian (Tangany GmbH) rather than by the bank itself. Sources: BaFin MiCAR licence announcement, CASP white-list listing
In short, the entity that holds the MiCA authorisation is Baader Bank Aktiengesellschaft, supervised in Germany by BaFin, and the regulated activity is order execution for crypto-assets on behalf of clients. As a German bank it settles in EUR via SEPA. Anyone evaluating this entity should read it as a regulated institutional and B2B market participant whose MiCA permission is narrow (order execution only), not as a full-stack consumer crypto platform offering custody, staking or card spending. Source: Baader Bank MiCAR announcement
Which crypto services is Baader Bank AG authorised to offer in the EU?
Under its MiCA authorisation issued by Federal Financial Supervisory Authority (BaFin), Baader Bank AG (Baader Bank Aktiengesellschaft) is approved to provide the following services to EEA residents. Each service is defined in Article 3(1)(16) of Regulation (EU) 2023/1114.
-
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.
Which services is Baader Bank AG not authorised to offer?
Baader Bank AG's MiCA licence does not cover: Custody, Trading platform, Exchange for funds, Exchange for crypto, Placing, Order R&T, Advice, Portfolio mgmt, Transfer services. These services may still be offered by other authorised providers, or by Baader Bank AG 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 Baader Bank AG licensed in Germany?
Germany's BaFin runs a strict, banking-style authorisation model. Trade Republic, which already held a German banking licence, was authorised in April 2025. BaFin previously refused Binance's German licence application in 2023, leading Binance to withdraw from the German market. Source: Federal Financial Supervisory Authority (BaFin).
| National Competent Authority | Federal Financial Supervisory Authority (BaFin) |
|---|---|
| Investor compensation | EdW (compensation scheme for securities firms) plus bank-deposit cover where applicable. |
| Regulatory context | BaFin's banking-style scrutiny is the highest barrier among MiCA NCAs. |
What does this mean for users of Baader Bank AG in the EU?
If you transact through Baader Bank AG's EEA-authorised entity (Baader Bank Aktiengesellschaft), 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 Baader Bank AG's terms of service that your contracting entity is Baader Bank Aktiengesellschaft, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Baader Bank AG?
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 | |
| OKX | Malta | 9 services | |
| Kraken | Ireland | 8 services |
Related reading
Understand the regulatory context behind Baader Bank AG's entry on the register:
Frequently asked questions about Baader Bank AG and MiCA
Is Baader Bank AG licensed under MiCA?
Yes. Baader Bank AG appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Germany.
Which EU countries can Baader Bank AG 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 Baader Bank AG 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 Baader Bank AG'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 Baader Bank AG's entry is on this page under 'Sources'.
Sources
- ESMA Register of Crypto-Asset Service Providers
- Federal Financial Supervisory Authority (BaFin)
- ESMA MiCA Register - Baader Bank AG (Baader Bank Aktiengesellschaft)
- Baader Bank AG official website
- Baader Bank granted MiCAR licence by BaFin
- Baader Bank Aktiengesellschaft - CASP white list
- Baader Trading services
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