EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is FIRI AS licensed under MiCA in the European Union?
FIRI AS's European entity (FIRI AS) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Norway on 22 May 2026.
Verdict: FIRI AS appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | FIRI AS |
|---|---|
| Home Member State | Norway |
| National Competent Authority | |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 9845003B8462B18FHE35 |
| Authorised services | Custody, Operating a trading platform, Exchange for funds, Exchange for crypto, Order execution, Transfer services |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About FIRI AS
Firi is a Norwegian consumer cryptocurrency exchange operated by FIRI AS and led by CEO Thuc Hoang. The company was founded in 2017 and is headquartered in Oslo, Norway. Its app-based service lets users buy and sell a range of crypto-assets, including Bitcoin, Ethereum, Solana, Cardano, Dogecoin, Chainlink and Avalanche, with onboarding in Norway handled through Vipps and BankID. Firi describes itself as 'Nordens største kryptobørs' (the Nordics' largest crypto exchange) and states it had more than 400,000 verified users and processed over €1B in 2025. Sources: firi.com, Firi About page
Beyond spot trading, Firi offers custody of customer crypto-assets, a recurring savings (DCA) product it calls Kryptosparing, staking on eligible assets, order execution and transfers. The Nordic service is primarily denominated in Norwegian kroner (NOK); the research does not confirm a crypto payment card or explicit EUR/SEPA support. Firi also provides a free crypto-tax calculation tool for Norwegian users. Source: firi.com
On the legal question, the contracting entity is FIRI AS, regulated in Norway by the Norwegian Financial Supervisory Authority (Finanstilsynet). Under MiCA (Regulation (EU) 2023/1114), the research indicates Firi is authorised as a crypto-asset service provider for the following services: custody and administration of crypto-assets, operating a trading platform, exchange of crypto-assets for funds, exchange of crypto-assets for other crypto-assets, execution of orders, and transfer services. Services outside that ESMA list - for example portfolio management of crypto-assets, providing advice on crypto-assets, or placing crypto-assets - are not covered by this authorisation. Firi also notes that, like other crypto providers, customer assets are safeguarded but are not covered by a deposit guarantee scheme. Sources: Finanstilsynet registry, Firi About page
Which crypto services is FIRI AS authorised to offer in the EU?
Under its MiCA authorisation issued by Norway, FIRI AS (FIRI AS) 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 FIRI AS not authorised to offer?
FIRI AS'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 FIRI AS 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 FIRI AS in the EU?
If you transact through FIRI AS's EEA-authorised entity (FIRI AS), 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 FIRI AS's terms of service that your contracting entity is FIRI AS, not a non-EEA affiliate.
Related reading
Understand the regulatory context behind FIRI AS's entry on the register:
Frequently asked questions about FIRI AS and MiCA
Is FIRI AS licensed under MiCA?
Yes. FIRI AS appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Norway.
Which EU countries can FIRI AS 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 FIRI AS 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 FIRI AS'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 FIRI AS'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.