EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Orcabay licensed under MiCA in the European Union?
Orcabay's European entity (Orcabay finančne storitve d.o.o.) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Slovenia on 10 November 2025.
Verdict: Orcabay appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Orcabay finančne storitve d.o.o. |
|---|---|
| Home Member State | Slovenia |
| National Competent Authority | |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 485100OLL2HA92JDWC71 |
| Authorised services | Order execution, Portfolio management |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Orcabay
Orcabay is an institutional crypto-asset firm rather than a consumer exchange. On its website it describes itself as a crypto market maker and liquidity advisor that partners with token issuers and crypto exchanges, offering market-making, algorithmic trading, inventory management and treasury services to business clients rather than spot trading, custody, savings, staking or card products for retail users. The contracting legal entity is Orcabay finančne storitve d.o.o., a privately held financial-services company. Sources: orcabay.io, Slovenian company registry (CompanyWall)
According to the Slovenian company registry, Orcabay finančne storitve d.o.o. was registered on 18 May 2018 and is headquartered at Stegne 21C, 1000 Ljubljana, Slovenia. Its business is institutional and retainer-based, providing liquidity and trading services to token projects and exchanges rather than operating as a retail-facing consumer platform. Source: Slovenian company registry (CompanyWall)
On the regulatory point, Orcabay's MiCA registration is held through Orcabay finančne storitve d.o.o. in Slovenia, with the Securities Market Agency (ATVP) acting as national competent authority. The registration covers two crypto-asset services: execution of orders for crypto-assets on behalf of clients, and portfolio management of crypto-assets. It does not cover custody, exchange of crypto-assets for funds or other crypto-assets, or other MiCA services not listed. Anyone asking whether Orcabay is licensed under MiCA should read this as an institutional execution-and-portfolio-management permission, not a consumer-exchange or custody licence. Sources: orcabay.io, Slovenian company registry (CompanyWall)
Which crypto services is Orcabay authorised to offer in the EU?
Under its MiCA authorisation issued by Slovenia, Orcabay (Orcabay finančne storitve d.o.o.) 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.
Which services is Orcabay not authorised to offer?
Orcabay's MiCA licence does not cover: Custody, Trading platform, Exchange for funds, Exchange for crypto, Placing, Order R&T, Advice, Portfolio mgmt, Transfer services. These services may still be offered by other authorised providers, or by Orcabay 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 Orcabay in the EU?
If you transact through Orcabay's EEA-authorised entity (Orcabay finančne storitve d.o.o.), 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 Orcabay's terms of service that your contracting entity is Orcabay finančne storitve d.o.o., not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Orcabay?
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 | |
| BANQUE DELUBAC | France | 7 services | |
| COINHOUSE | France | 7 services |
Related reading
Understand the regulatory context behind Orcabay's entry on the register:
Frequently asked questions about Orcabay and MiCA
Is Orcabay licensed under MiCA?
Yes. Orcabay appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Slovenia.
Which EU countries can Orcabay 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 Orcabay 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 Orcabay'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 Orcabay'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.