EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is CoinFlip licensed under MiCA in the European Union?
CoinFlip's European entity (OLLIV ITALIA S.R.L.) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Italy on 4 June 2026.
Verdict: CoinFlip appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | OLLIV ITALIA S.R.L. |
|---|---|
| Home Member State | Italy |
| National Competent Authority | |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 81560042B094A85D8F89 |
| Authorised services | Exchange for funds |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About CoinFlip
CoinFlip is a consumer cryptocurrency platform best known for operating one of the world's largest networks of Bitcoin ATMs, alongside a self-custodial wallet app and over-the-counter (OTC) trading. The company states that more than 500,000 people worldwide have used its services to buy crypto, and on its Italian site it positions itself around simple, secure purchases backed by 24/7 phone support. In Italy the service was previously offered under the Olliv brand, which was retired in August 2024 in favour of the unified CoinFlip name. Sources: CoinFlip Italia, CoinFlip blog
According to background research, CoinFlip was founded in 2015 and is headquartered in Chicago, Illinois, in the United States. Its core offering centres on cash-to-crypto purchases through physical ATMs and a wallet app for buying, selling and holding crypto-assets, with custody described as self-custodial - meaning users hold their own keys rather than the company holding customer assets. The research notes no evidence of staking, savings/DCA or card products, and no explicit confirmation of EUR/SEPA deposit or withdrawal rails for Italian users. Source: Olliv Italia market entry
On the regulatory question, the contracting legal entity for the EU service is OLLIV ITALIA S.R.L., established in Italy. Its competent authority is the Commissione Nazionale per le Societa e la Borsa (CONSOB), the Italian markets regulator. Under MiCA, the registered authorisation covers a single crypto-asset service - the exchange of crypto-assets for funds (for example, buying or selling crypto for EUR or another official currency). That MiCA permission does not, by itself, extend to other regulated services such as custody on behalf of clients, operating a trading platform, exchange of one crypto-asset for another, transfer services, or advice, unless separately authorised. Sources: CoinFlip Italia, Olliv Italia market entry
Which crypto services is CoinFlip authorised to offer in the EU?
Under its MiCA authorisation issued by Italy, CoinFlip (OLLIV ITALIA S.R.L.) 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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Exchange of crypto-assets for funds
The exchange offers crypto-to-fiat (e.g. BTC to EUR) and fiat-to-crypto conversion. Authorisation here implies MiCA's pricing transparency requirements.
Which services is CoinFlip not authorised to offer?
CoinFlip's MiCA licence does not cover: Custody, Trading platform, Exchange for crypto, Order execution, Placing, Order R&T, Advice, Portfolio mgmt, Transfer services. These services may still be offered by other authorised providers, or by CoinFlip 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:
What does this mean for users of CoinFlip in the EU?
If you transact through CoinFlip's EEA-authorised entity (OLLIV ITALIA S.R.L.), 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 CoinFlip's terms of service that your contracting entity is OLLIV ITALIA S.R.L., not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to CoinFlip?
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 CoinFlip's entry on the register:
Frequently asked questions about CoinFlip and MiCA
Is CoinFlip licensed under MiCA?
Yes. CoinFlip appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Italy.
Which EU countries can CoinFlip 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 CoinFlip 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 CoinFlip'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 CoinFlip's entry is on this page under 'Sources'.
Sources
This page is updated weekly. Last verified . If you believe any information on this page is inaccurate, write to our contact page.