EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is OP Digital licensed under MiCA in the European Union?
OP Digital's European entity (OP Digital Services Limited) 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 23 June 2026.
Verdict: OP Digital appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | OP Digital Services Limited |
|---|---|
| Home Member State | Malta |
| National Competent Authority | Malta Financial Services Authority (MFSA) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 213800ZWEHNKOCS3AC78 |
| 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 OP Digital
The dataset records this entry under the name 'OP Digital' with the contracting legal entity 'OP Digital Services Limited' in Malta, supervised by the Malta Financial Services Authority (MFSA). The website attached to the record is openpayd.com, which belongs to OpenPayd, a business-to-business financial-services infrastructure provider rather than a consumer crypto exchange. OpenPayd's own site describes it as 'Financial Services Infrastructure' offering accounts, payments and trading solutions that businesses embed via an API, with interoperability between fiat and digital assets, and states it processes over $240 billion per year. These are OpenPayd's own statements about its platform, not independently verified figures. Sources: openpayd.com, OpenPayd MiCA licence announcement
On the legal point, the available research does not independently confirm a distinct, registered Maltese crypto-asset service provider named 'OP Digital Services Limited'. Open-source research could not locate that exact entity in the MFSA register of authorised crypto-asset service providers or in public company records, while the cited material instead points to OpenPayd receiving MiCA authorisation from the MFSA. Anyone checking the licence should verify the precise authorised legal entity and its registration status directly against the MFSA register before relying on the name. Sources: MFSA crypto-assets register, OpenPayd MiCA licence announcement
Within MiCA, the dataset lists this authorisation as covering five 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, and transfer services. The licence does not, on this record, extend to other MiCA services such as operating a trading platform, placing of crypto-assets, reception and transmission of orders, or providing advice or portfolio management. Given the B2B infrastructure positioning shown on the website, this profile reads as an institutional or embedded-finance offering aimed at businesses rather than a retail-facing exchange, savings, staking or card product, and the research provides no support for those consumer features. Source: MFSA crypto-assets register
Which crypto services is OP Digital authorised to offer in the EU?
Under its MiCA authorisation issued by Malta Financial Services Authority (MFSA), OP Digital (OP Digital Services Limited) 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 OP Digital not authorised to offer?
OP Digital'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 OP Digital 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 OP Digital 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 OP Digital in the EU?
If you transact through OP Digital's EEA-authorised entity (OP Digital Services Limited), 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 OP Digital's terms of service that your contracting entity is OP Digital Services Limited, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to OP Digital?
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 OP Digital's entry on the register:
Frequently asked questions about OP Digital and MiCA
Is OP Digital licensed under MiCA?
Yes. OP Digital 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 OP Digital 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 OP Digital 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 OP Digital'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 OP Digital'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.