EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Neverless licensed under MiCA in the European Union?
Neverless's European entity (Neverless SIA) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Latvia on 20 May 2026.
Verdict: Neverless appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Neverless SIA |
|---|---|
| Home Member State | Latvia |
| National Competent Authority | |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 9845008O5EQ5A4B63R72 |
| Authorised services | Custody, Exchange for funds, Exchange for crypto, Portfolio management on crypto-assets, Transfer services |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Neverless
Neverless is a consumer crypto investing app operated by Neverless SIA. According to research summaries, the company was founded in 2023 by three former Revolut executives (Phuc To, Mikael Peydayesh and Arthur Johanet), with its operating base in London, United Kingdom and its EU regulatory entity in Riga, Latvia. Its own site markets zero-fee trading of gold, silver and 500-plus cryptocurrencies, EUR savings products quoted in AER, and EUR borrowing against a crypto portfolio. Neverless states a cumulated trading volume of over $2bn, which is the company's own figure rather than an independently verified statistic. Sources: neverless.com, Latvijas Banka licence announcement
On the licensing question, the contracting legal entity is Neverless SIA, established in Latvia and supervised by Latvijas Banka (the Bank of Latvia), which is the national competent authority. Neverless SIA is recorded as authorised under MiCA as a crypto-asset service provider, and the company links its "Licensed under MiCA" claim directly to its entry in the Bank of Latvia financial market participant register. Sources: Latvijas Banka register, AMF France CASP white list
The MiCA authorisation for Neverless SIA covers a defined 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, portfolio management of crypto-assets, and transfer services for crypto-assets. With this CASP licence, Neverless can passport these services across the EU. It is worth noting that several features promoted on the Neverless site - such as up to 5x leverage and EUR lending against a portfolio - are not themselves among the listed MiCA crypto-asset services, so prospective users should not read the MiCA licence as covering every product on the app. Source: Latvijas Banka register
Which crypto services is Neverless authorised to offer in the EU?
Under its MiCA authorisation issued by Latvia, Neverless (Neverless SIA) 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 Neverless not authorised to offer?
Neverless'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 Neverless 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 Neverless in the EU?
If you transact through Neverless's EEA-authorised entity (Neverless SIA), 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 Neverless's terms of service that your contracting entity is Neverless SIA, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Neverless?
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 Neverless's entry on the register:
Frequently asked questions about Neverless and MiCA
Is Neverless licensed under MiCA?
Yes. Neverless appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Latvia.
Which EU countries can Neverless 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 Neverless 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 Neverless'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 Neverless'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.