EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Damex licensed under MiCA in the European Union?
Damex's European entity (Damex Digital LTD) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Malta on 29 January 2026.
Verdict: Damex appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Damex Digital LTD |
|---|---|
| Home Member State | Malta |
| National Competent Authority | Malta Financial Services Authority (MFSA) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 9845008E8QA4CCFE5F68 |
| Authorised services | Custody, Exchange for funds, Exchange for crypto, Order execution, Transfer services |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Damex
Damex operates as a regulated digital-asset and payments infrastructure provider rather than a consumer-facing crypto exchange. According to its own website, the business builds stablecoin infrastructure for global businesses, covering OTC and trading desks for high-value clients, B2B stablecoin payments, API-driven financial infrastructure, business IBANs and fiat on/off ramps for treasury and cross-border remittance use cases. Damex describes itself as a stablecoin payments solutions provider specialising in crypto payments, international remittances and treasury management for businesses worldwide. Research indicates the wider Damex group has operated in regulated digital assets since 2017, previously under a Gibraltar DLT licence, with the parent reported as The Experience Holding Ltd in Gibraltar. Sources: Damex (damex.io), BeInCrypto
On the legal point, the contracting entity for MiCA purposes is Damex Digital LTD, registered in Malta and authorised by the Malta Financial Services Authority (MFSA) as a Crypto-Asset Service Provider (CASP) under the EU's Markets in Crypto-Assets Regulation (MiCA). Reporting at the time of authorisation placed Damex among the firms approved as CASPs in the EU, and noted the licence was granted with the entity then moving into its pre-operational phase. The entity is registered in Birkirkara, Malta. Sources: MFSA crypto-assets register, Bitcoin.com
The MiCA authorisation covers a specific set of crypto-asset services: custody and administration of crypto-assets, exchange of crypto-assets for funds, exchange of crypto-assets for other crypto-assets, execution of orders for crypto-assets, and transfer services for crypto-assets. These are multi-asset services aimed at business and institutional clients, not a Bitcoin-only product. The authorisation does not, on the available evidence, extend to consumer-facing retail spot trading, savings or DCA products, staking, or a payment card. Damex itself frames its offering around enabling financial institutions to provide stablecoin services in Europe under a MiCA-compliant platform, so EUR and SEPA-style rails are described as reached through partner institutions rather than as a direct retail wallet. Source: Damex (damex.io)
Which crypto services is Damex authorised to offer in the EU?
Under its MiCA authorisation issued by Malta Financial Services Authority (MFSA), Damex (Damex Digital LTD) 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 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.
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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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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 Damex not authorised to offer?
Damex's MiCA licence does not cover: Trading platform, Placing, Order R&T, Advice, Portfolio mgmt. These services may still be offered by other authorised providers, or by Damex 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 Damex licensed in Malta?
Malta was an early MiCA mover, granting the first authorisations on 27 January 2025. The MFSA had pre-existing experience under Malta's Virtual Financial Assets Act (2018), which gave it institutional readiness most other national competent authorities lacked. Several global exchanges chose Malta for their EU passporting hub, including OKX, Crypto.com and Gemini. Source: Malta Financial Services Authority (MFSA).
| National Competent Authority | Malta Financial Services Authority (MFSA) |
|---|---|
| Investor compensation | Malta Investor Compensation Scheme provides limited cover; check directly with MFSA for crypto-specific scope. |
| Regulatory context | Malta hosts the highest number of MiCA-authorised CASPs from major global brands. |
What does this mean for users of Damex in the EU?
If you transact through Damex's EEA-authorised entity (Damex Digital LTD), 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 Damex's terms of service that your contracting entity is Damex Digital LTD, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Damex?
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 Damex's entry on the register:
Frequently asked questions about Damex and MiCA
Is Damex licensed under MiCA?
Yes. Damex appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Malta.
Which EU countries can Damex 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 Damex 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 Damex'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 Damex'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.