EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Safello AB licensed under MiCA in the European Union?
Safello AB's European entity (Safello AB) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Sweden on 13 October 2025.
Verdict: Safello AB appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Safello AB |
|---|---|
| Home Member State | Sweden |
| National Competent Authority | |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 894500QKMN1PCG2V7U40 |
| Authorised services | Custody, Exchange for funds, Exchange for crypto, Order execution, Order R&T, Transfer services |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Safello AB
Safello is a Swedish consumer cryptocurrency brokerage operated by Safello AB, the group's authorised legal entity (Org. no. 556954-4165), part of the parent Safello Group AB. According to Safello, the company has operated since 2013, describes itself as "Sweden's leading online cryptocurrency brokerage," and states it has more than 425,000 Nordic investors. It is headquartered in Stockholm, Sweden, and has been listed on Nasdaq First North Growth Market since 2021. This is a retail buy/sell/store crypto product, not a bank, traditional broker or asset manager. Source: safello.com
The service lets customers buy, sell and store crypto. Per Safello's own site, accounts are opened with Mobile BankID, payments run through Swish, and assets are held in the Safello Wallet, which uses Fireblocks MPC technology. Research indicates the platform offers spot trading across a multi-asset list (Aave, Algorand, Avalanche, Bitcoin, Bitcoin Cash, Cardano, Chainlink, Compound and others) plus custody and deposit/withdrawal. Purchases are made in Swedish krona (SEK), with EUR inflows supported via SEPA. The research indicates Safello does not offer staking or a crypto card; a newer "Auto-Save" recurring-buy feature is promoted on its site. Sources: safello.com, Safello custody policy
On the legal point: the contracting and authorised entity is Safello AB, regulated in Sweden by Finansinspektionen (the Swedish Financial Supervisory Authority), with which Safello states it has been registered since 2013. Safello's site states it is authorised as a crypto-asset service provider under the EU Markets in Crypto-Assets Regulation (MiCA), and the research describes it as the first company in Sweden to receive MiCA CASP authorisation. Sources: safello.com, MarketScreener report
On this record, the crypto-asset services held by the entity are: custody and administration of crypto-assets, exchange of crypto-assets for funds, exchange of crypto-assets for other crypto-assets, execution of orders, reception and transmission of orders, and transfer services. The authorisation does not, on this record, extend to services outside that list, such as portfolio management of crypto-assets, providing advice on crypto-assets, or operating a trading platform. Source: safello.com
Which crypto services is Safello AB authorised to offer in the EU?
Under its MiCA authorisation issued by Sweden, Safello AB (Safello AB) 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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Reception and transmission of orders for crypto-assets on behalf of clients
The exchange can receive your order and pass it to another venue for execution. Brokerage-pattern service, often paired with order execution.
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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 Safello AB not authorised to offer?
Safello AB's MiCA licence does not cover: Trading platform, Placing, Advice, Portfolio mgmt. These services may still be offered by other authorised providers, or by Safello AB 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 Safello AB in the EU?
If you transact through Safello AB's EEA-authorised entity (Safello AB), 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 Safello AB's terms of service that your contracting entity is Safello AB, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Safello AB?
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 Safello AB's entry on the register:
Frequently asked questions about Safello AB and MiCA
Is Safello AB licensed under MiCA?
Yes. Safello AB appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Sweden.
Which EU countries can Safello AB 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 Safello AB 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 Safello AB'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 Safello AB'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.