EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is EUWAX AG licensed under MiCA in the European Union?
EUWAX AG's European entity (EUWAX AG) 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 21 November 2025.
Verdict: EUWAX AG appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | EUWAX AG |
|---|---|
| Home Member State | Germany |
| National Competent Authority | Federal Financial Supervisory Authority (BaFin) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 529900032TYR45XIEW79 |
| Authorised services | Order execution, Exchange for funds, Exchange for crypto |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 18 July 2026.
About EUWAX AG
EUWAX AG (legal name EUWAX Aktiengesellschaft) is a German-regulated financial-services firm within the Boerse Stuttgart Group and is best known to consumers as the licensed operator behind the BISON retail crypto app. On its own website EUWAX AG describes itself as providing financial and securities services at the Stuttgart trading venue, where it acts as a Quality-Liquidity-Provider (QLP) for more than 2.3 million securities (as of December 2024). It publishes annual and half-year financial reports as a stock corporation. Source: EUWAX AG website
Under the EU Markets in Crypto-Assets Regulation, EUWAX AG is authorised by the German Federal Financial Supervisory Authority (BaFin) as its national competent authority. Per the ESMA MiCA CASP register CSV (aggregated from BaFin, retrieved June 2026), EUWAX AG is authorised to provide three crypto-asset services: (c) exchange of crypto-assets for funds, (d) exchange of crypto-assets for other crypto-assets, and (e) execution of orders for crypto-assets on behalf of clients. It is not authorised under this MiCAR licence for custody and administration, operation of a trading platform, placing, reception and transmission of orders, advice, portfolio management, or transfer services. EUWAX AG has notified two of these services (exchange of crypto-assets for funds and exchange of crypto-assets for other crypto-assets) for cross-border provision into France under Article 65 MiCAR, as confirmed by the AMF whitelist entry; execution of orders is currently on file as a home-state (BaFin) authorisation. Sources: ESMA MiCA register, AMF CASP register entry for EUWAX AG
EUWAX AG operates the BISON app, a German consumer crypto trading platform. Public risk disclosures for BISON identify EUWAX AG as the BaFin-supervised entity that buys and sells crypto-assets for BISON customers, consistent with its authorised MiCA services. Consumers should check which legal entity contracts with them and which MiCA services that entity holds, since custody, savings, staking or card products are not covered by EUWAX AG's three authorised services. Sources: BISON basic and risk information, AMF CASP register entry
Which crypto services is EUWAX AG authorised to offer in the EU?
Under its MiCA authorisation issued by Federal Financial Supervisory Authority (BaFin), EUWAX AG (EUWAX AG) 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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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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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.
Which services is EUWAX AG not authorised to offer?
EUWAX AG's MiCA licence does not cover: Custody, Trading platform, Placing, Order R&T, Advice, Portfolio mgmt, Transfer services. These services may still be offered by other authorised providers, or by EUWAX AG under a different regulatory framework (for example, derivatives may fall under MiFID II rather than MiCA). Source: ESMA Register, retrieved 18 July 2026.
See other MiCA-authorised exchanges by service:
Why is EUWAX 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 EUWAX AG in the EU?
If you transact through EUWAX AG's EEA-authorised entity (EUWAX AG), 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 EUWAX AG's terms of service that your contracting entity is EUWAX AG, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to EUWAX 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 | |
| NOEMON TECH LTD | Cyprus | 9 services | |
| Bankhaus Scheich Wertpapierspezialist AG | Germany | 9 services |
Related reading
Understand the regulatory context behind EUWAX AG's entry on the register:
Frequently asked questions about EUWAX AG and MiCA
Is EUWAX AG licensed under MiCA?
Yes. EUWAX 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 EUWAX 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 EUWAX 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 EUWAX 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 EUWAX AG'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.