EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Myntkaup licensed under MiCA in the European Union?
Myntkaup's European entity (Myntkaup ehf.) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Iceland on 25 June 2026.
Verdict: Myntkaup appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Myntkaup ehf. |
|---|---|
| Home Member State | Iceland |
| National Competent Authority | |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 636700BAJ82J2GWSP231 |
| Authorised services | Custody, Exchange for funds, Exchange for crypto, Transfer services |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Myntkaup
Myntkaup is a consumer cryptocurrency trading platform based in Iceland, operated by the legal entity Myntkaup ehf. According to research drawn from the company's own site, it offers a simple way to buy, sell and hold crypto-assets, with multi-asset spot trading across coins including Bitcoin, Ethereum, Solana, USDC, Cardano (ADA), XRP, Dogecoin and others. The platform is run by Patrekur Maron Magnusson (CEO), was founded in early 2019 with operations beginning in May 2020, and is headquartered at Bjargargata 1, 102 Reykjavik. Sources: Myntkaup About page, Myntkaup website
On the product side, the research indicates Myntkaup supports deposits in Icelandic krona (ISK) via bank transfer, Blikk and Netgiro, and does not support EUR or SEPA payments. The research summary also states that the consumer service is focused on spot buying and selling and does not market savings/DCA, staking or card features to users. These are descriptions of the user-facing product rather than the formal scope of any regulatory authorisation. Source: Myntkaup FAQ
On the legal point, the contracting legal entity is Myntkaup ehf., established in Iceland, with the Central Bank of Iceland recorded as the competent authority. Under the MiCA services data provided for this entity, its authorisation covers custody and administration of crypto-assets, exchange of crypto-assets for funds, exchange of crypto-assets for other crypto-assets, and transfer services for crypto-assets. The authorisation does not extend to services outside that list, such as operating a trading platform, placement, reception and transmission of orders, advice, or portfolio management, unless separately authorised. EU users should confirm the entity's current entry on the ESMA register before relying on its status. Source: Myntkaup website
Which crypto services is Myntkaup authorised to offer in the EU?
Under its MiCA authorisation issued by Iceland, Myntkaup (Myntkaup ehf.) 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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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 Myntkaup not authorised to offer?
Myntkaup's MiCA licence does not cover: Trading platform, Order execution, Placing, Order R&T, Advice, Portfolio mgmt. These services may still be offered by other authorised providers, or by Myntkaup 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 Myntkaup in the EU?
If you transact through Myntkaup's EEA-authorised entity (Myntkaup ehf.), 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 Myntkaup's terms of service that your contracting entity is Myntkaup ehf., not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Myntkaup?
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 Myntkaup's entry on the register:
Frequently asked questions about Myntkaup and MiCA
Is Myntkaup licensed under MiCA?
Yes. Myntkaup appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Iceland.
Which EU countries can Myntkaup 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 Myntkaup 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 Myntkaup'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 Myntkaup'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.