EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is COMETH licensed under MiCA in the European Union?
COMETH's European entity (COMETH SAS) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by France on 4 December 2025.
Verdict: COMETH appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | COMETH SAS |
|---|---|
| Home Member State | France |
| National Competent Authority | Autorité des Marchés Financiers (AMF) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 894500R5KSX3ZKIHSA46 |
| Authorised services | Custody, Exchange for crypto, Transfer services |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About COMETH
COMETH is a business-to-business crypto-asset infrastructure provider rather than a consumer crypto exchange. Its website describes the product as 'The DeFi Infrastructure for Businesses' and as 'One API to integrate DeFi custody, staking, trading and payments' aimed at financial institutions and enterprises, with no retail sign-up flow - the primary call to action is 'Talk to an expert'. The contracting legal entity is COMETH SAS, a company established in France (French trade register number 892 021 577). According to research sources, COMETH is operated under Louis Finance, and in 2025 the firm was reported to have been acquired by the market-data company Kaiko. Sources: cometh.io, Finextra
On the licensing question: yes, COMETH SAS holds a MiCA authorisation as a Crypto-Asset Service Provider (CASP). The competent national regulator is France's Autorité des Marchés Financiers (AMF), and the entity appears on the AMF's white list of authorised providers. Research sources cite an AMF authorisation dated 04 December 2025 under licence number A2025-008. Because the licence is granted under MiCA, it is passportable for cross-border provision of services across the EU/EEA, and the entity is also listed in cross-border CASP registers such as Estonia's. Sources: AMF white list, Estonian FSA register
The MiCA authorisation covers three specific services per the ESMA classification: custody and administration of crypto-assets on behalf of clients, exchange of crypto-assets (for crypto-assets), and transfer services for crypto-assets. It does not, on the basis of this services list, extend to other MiCA-regulated activities such as operating a trading platform, placing crypto-assets, reception and transmission of orders, execution of orders, advice, or portfolio management. COMETH's own marketing also references staking, trading and payment functionality delivered through its API; activities such as staking sit outside the MiCA CASP service categories and any savings or yield features should not be read as covered by the authorisation. Anyone evaluating the licence should rely on the AMF white-list entry as the authoritative record of which services and entity are authorised. Sources: AMF white list, cometh.io
Which crypto services is COMETH authorised to offer in the EU?
Under its MiCA authorisation issued by Autorité des Marchés Financiers (AMF), COMETH (COMETH SAS) 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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Exchange of crypto-assets for other crypto-assets
The exchange offers crypto-to-crypto trading (e.g. BTC to ETH). Required for most spot trading pairs not denominated in fiat.
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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 COMETH not authorised to offer?
COMETH's MiCA licence does not cover: Trading platform, Exchange for funds, Order execution, Placing, Order R&T, Advice, Portfolio mgmt. These services may still be offered by other authorised providers, or by COMETH 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 COMETH licensed in France?
France ran one of the EU's earliest national crypto regimes, the PACTE Law DASP (Digital Asset Service Provider) registration, which gave the AMF years of pre-MiCA supervisory experience. The AMF began granting MiCA CASP authorisations in 2025-2026 and also maintains a public white list of CASPs passporting into France from other EEA states. BlockNodes SAS, the French entity behind the SwissBorg consumer brand, received its direct MiCA authorisation from the AMF in March 2026. Source: Autorité des Marchés Financiers (AMF).
| National Competent Authority | Autorité des Marchés Financiers (AMF) |
|---|---|
| Investor compensation | Fonds de Garantie des Dépôts et de Résolution (FGDR); check directly with the AMF for crypto-asset-specific compensation scope. |
| Regulatory context | Early mover on national crypto licensing (PACTE Law) ahead of MiCA; the AMF also publishes a white list of EEA-passported CASPs. |
What does this mean for users of COMETH in the EU?
If you transact through COMETH's EEA-authorised entity (COMETH SAS), 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 COMETH's terms of service that your contracting entity is COMETH SAS, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to COMETH?
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 COMETH's entry on the register:
Frequently asked questions about COMETH and MiCA
Is COMETH licensed under MiCA?
Yes. COMETH appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of France.
Which EU countries can COMETH 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 COMETH 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 COMETH'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 COMETH'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.