EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is PELICAN EXCHANGE EUROPE (CY) LTD licensed under MiCA in the European Union?
PELICAN EXCHANGE EUROPE (CY) LTD's European entity (PELICAN EXCHANGE EUROPE (CY) LTD) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Cyprus on 22 December 2025.
Verdict: PELICAN EXCHANGE EUROPE (CY) LTD appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | PELICAN EXCHANGE EUROPE (CY) LTD |
|---|---|
| Home Member State | Cyprus |
| National Competent Authority | Cyprus Securities and Exchange Commission (CySEC) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 984500EBL33F46CBF732 |
| Authorised services |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About PELICAN EXCHANGE EUROPE (CY) LTD
PELICAN EXCHANGE EUROPE (CY) LTD is a Cyprus-registered entity whose public-facing product, at pelicaneu.com, is a copy-trading application rather than a crypto-asset exchange. The site invites users to download an app for iOS, Android and desktop, connect a trading account, and copy 'signal providers' from a network the company states has more than 5,000 signals. The homepage carries a standard contracts-for-difference risk warning ('CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage'), indicating the service is oriented toward CFD and FX copy-trading, not spot Bitcoin or multi-asset crypto trading. Source: pelicaneu.com
On the question of MiCA authorisation, the contracting legal entity is PELICAN EXCHANGE EUROPE (CY) LTD, established in Cyprus and supervised by the Cyprus Securities and Exchange Commission (CySEC), the national competent authority for crypto-asset service providers in that jurisdiction. The available research does not specify any particular MiCA crypto-asset services that this entity is authorised to provide - the ESMA services list for it is empty - so this profile does not state coverage of any specific activity such as exchange, custody, transfer, or order execution for crypto-assets. Sources: MiCA register entry (Cyprus), Estonian FSA cross-border CASP register
Research summaries describe the company as a copy-trading technology provider for CFD and FX markets rather than a consumer crypto exchange, and report that it does not currently offer crypto-asset services such as Bitcoin trading, custody, savings, staking, or a payment card, and that no EUR or SEPA crypto funding is advertised. Anyone evaluating whether to use this entity for crypto specifically should confirm directly with the firm and with the CySEC and ESMA registers what crypto-asset services, if any, the licence actually covers before transacting. Sources: pelicaneu.com, MiCA register entry (Cyprus)
Which crypto services is PELICAN EXCHANGE EUROPE (CY) LTD authorised to offer in the EU?
Under its MiCA authorisation issued by Cyprus Securities and Exchange Commission (CySEC), PELICAN EXCHANGE EUROPE (CY) LTD (PELICAN EXCHANGE EUROPE (CY) LTD) is approved to provide the following services to EEA residents. Each service is defined in Article 3(1)(16) of Regulation (EU) 2023/1114.
Which services is PELICAN EXCHANGE EUROPE (CY) LTD not authorised to offer?
PELICAN EXCHANGE EUROPE (CY) LTD's MiCA licence does not cover: Custody, Trading platform, Exchange for funds, Exchange for crypto, Order execution, Placing, Order R&T, Advice, Portfolio mgmt, Transfer services. These services may still be offered by other authorised providers, or by PELICAN EXCHANGE EUROPE (CY) LTD under a different regulatory framework (for example, derivatives may fall under MiFID II rather than MiCA). Source: ESMA Register, retrieved 30 June 2026.
Why is PELICAN EXCHANGE EUROPE (CY) LTD licensed in Cyprus?
CySEC has a long history in fintech and CFD broker regulation; the Cyprus framework appeals to firms targeting retail with marketing-heavy models. Revolut's Digital Assets entity authorised here in October 2025. Source: Cyprus Securities and Exchange Commission (CySEC).
| National Competent Authority | Cyprus Securities and Exchange Commission (CySEC) |
|---|---|
| Investor compensation | Cyprus Investor Compensation Fund up to €20,000. |
| Regulatory context | Long history with CFDs and retail-targeted financial products. |
What does this mean for users of PELICAN EXCHANGE EUROPE (CY) LTD in the EU?
If you transact through PELICAN EXCHANGE EUROPE (CY) LTD's EEA-authorised entity (PELICAN EXCHANGE EUROPE (CY) LTD), 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 PELICAN EXCHANGE EUROPE (CY) LTD's terms of service that your contracting entity is PELICAN EXCHANGE EUROPE (CY) LTD, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to PELICAN EXCHANGE EUROPE (CY) LTD?
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 PELICAN EXCHANGE EUROPE (CY) LTD's entry on the register:
Frequently asked questions about PELICAN EXCHANGE EUROPE (CY) LTD and MiCA
Is PELICAN EXCHANGE EUROPE (CY) LTD licensed under MiCA?
Yes. PELICAN EXCHANGE EUROPE (CY) LTD appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Cyprus.
Which EU countries can PELICAN EXCHANGE EUROPE (CY) LTD 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 PELICAN EXCHANGE EUROPE (CY) LTD 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 PELICAN EXCHANGE EUROPE (CY) LTD'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 PELICAN EXCHANGE EUROPE (CY) LTD's entry is on this page under 'Sources'.
Sources
- ESMA Register of Crypto-Asset Service Providers
- Cyprus Securities and Exchange Commission (CySEC)
- ESMA MiCA Register - PELICAN EXCHANGE EUROPE (CY) LTD (PELICAN EXCHANGE EUROPE (CY) LTD)
- PELICAN EXCHANGE EUROPE (CY) LTD official website
- Pelican (pelicaneu.com) official website
- MiCA register entry for Pelican Exchange Europe (CY) Ltd (Cyprus / CySEC)
- Estonian FSA cross-border CASP register listing
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