EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Scalable Capital Bank GmbH licensed under MiCA in the European Union?
Scalable Capital Bank GmbH's European entity (Scalable Capital Bank GmbH) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Germany on 2 March 2026.
Verdict: Scalable Capital Bank GmbH appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Scalable Capital Bank GmbH |
|---|---|
| Home Member State | Germany |
| National Competent Authority | Federal Financial Supervisory Authority (BaFin) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 391200Y3EUNL4LTXRP94 |
| Authorised services | Portfolio management |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Scalable Capital Bank GmbH
Scalable Capital Bank GmbH is the German banking entity behind Scalable Capital, a digital investment platform and neo-broker rather than a consumer crypto exchange. On its Dutch site the company markets self-directed investing in shares, ETFs and crypto from 'Broker' plans starting at €1, an 'Overnight' cash account paying interest, and a managed 'Wealth' portfolio-management service. According to research summaries, the group provides crypto exposure mainly through regulated Crypto ETPs (covering assets such as Bitcoin, Ethereum, Litecoin and Ripple) rather than direct spot custody, savings, staking or card products, with EUR and SEPA payments handled through the bank account. Sources: Scalable Capital (NL), Scalable Capital crypto
The platform was founded in 2014 and the company reports it is operated from Munich, Germany, supervised by the Federal Financial Supervisory Authority (BaFin) and Deutsche Bundesbank. Scalable Capital states it became a full bank (CRR credit institution) in 2025, enabling deposit-taking alongside its brokerage and wealth-management activities. These are the company's own descriptions of its corporate and banking status. Sources: Scalable is now a bank, Scalable Capital - About Us
On the legal point: the contracting entity is Scalable Capital Bank GmbH, established in Germany, with BaFin as its competent national authority. Under the EU Markets in Crypto-Assets Regulation (MiCA), the ESMA register records the entity as authorised for one crypto-asset service - portfolio management of crypto-assets. That MiCA authorisation does not, on the ESMA record, extend to other CASP services such as operating a trading platform, custody and administration, exchange of crypto-assets for funds, or transfer services. Anyone relying on a specific crypto-asset service should confirm the current scope directly with the BaFin and ESMA registers. Sources: scalable.capital, TheBanks.eu - Scalable Capital Bank GmbH
Which crypto services is Scalable Capital Bank GmbH authorised to offer in the EU?
Under its MiCA authorisation issued by Federal Financial Supervisory Authority (BaFin), Scalable Capital Bank GmbH (Scalable Capital Bank GmbH) 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 Scalable Capital Bank GmbH not authorised to offer?
Scalable Capital Bank GmbH'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 Scalable Capital Bank GmbH 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 Scalable Capital Bank GmbH licensed in Germany?
Germany's BaFin runs a strict, banking-style authorisation model. Trade Republic, which already held a German banking licence, was authorised in April 2025. BaFin previously refused Binance's German licence application in 2023, leading Binance to withdraw from the German market. Source: Federal Financial Supervisory Authority (BaFin).
| National Competent Authority | Federal Financial Supervisory Authority (BaFin) |
|---|---|
| Investor compensation | EdW (compensation scheme for securities firms) plus bank-deposit cover where applicable. |
| Regulatory context | BaFin's banking-style scrutiny is the highest barrier among MiCA NCAs. |
What does this mean for users of Scalable Capital Bank GmbH in the EU?
If you transact through Scalable Capital Bank GmbH's EEA-authorised entity (Scalable Capital Bank GmbH), 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 Scalable Capital Bank GmbH's terms of service that your contracting entity is Scalable Capital Bank GmbH, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Scalable Capital Bank GmbH?
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 Scalable Capital Bank GmbH's entry on the register:
Frequently asked questions about Scalable Capital Bank GmbH and MiCA
Is Scalable Capital Bank GmbH licensed under MiCA?
Yes. Scalable Capital Bank GmbH appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Germany.
Which EU countries can Scalable Capital Bank GmbH 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 Scalable Capital Bank GmbH 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 Scalable Capital Bank GmbH'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 Scalable Capital Bank GmbH's entry is on this page under 'Sources'.
Sources
- ESMA Register of Crypto-Asset Service Providers
- Federal Financial Supervisory Authority (BaFin)
- ESMA MiCA Register - Scalable Capital Bank GmbH (Scalable Capital Bank GmbH)
- Scalable Capital Bank GmbH official website
- Scalable Capital (official website)
- Scalable is now a bank - Scalable Capital newsroom
- TheBanks.eu - Scalable Capital Bank GmbH
This page is updated weekly. Last verified . If you believe any information on this page is inaccurate, write to our contact page.