EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Sutor Bank GmbH licensed under MiCA in the European Union?
Sutor Bank GmbH's European entity (Sutor 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 18 December 2025.
Verdict: Sutor Bank GmbH appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Sutor Bank GmbH |
|---|---|
| Home Member State | Germany |
| National Competent Authority | Federal Financial Supervisory Authority (BaFin) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 529900BQBP4JMDPM6Q19 |
| Authorised services | Order execution |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Sutor Bank GmbH
Sutor Bank GmbH is not a consumer crypto exchange. It is an owner-managed German private bank and CRR credit institution headquartered in Hamburg, founded in 1921. On its own website the bank describes a two-pillar model of Private Banking and Banking-as-a-Service (BaaS), offering API-accessible services - including accounts, money transactions, securities trading and crypto trading ('Kryptohandel') - that fintechs and 'kryptotechs' build their own products on, rather than a retail crypto app aimed at end consumers. Source: sutorbank.de
On the crypto-asset side, Sutor Bank reports that it enables the execution of orders on crypto-assets for clients, covering more than 60 crypto-assets rather than Bitcoin only, with EUR/SEPA payment support handled through its banking platform. According to research summaries this crypto-order execution has been provided in partnership with the trading platform JustTrade and is embedded in the digital banking solutions offered to partner platforms; the bank is not described as offering retail custody, savings/DCA, staking or crypto cards as a standalone consumer product. Sources: Sutor Bank MiCAR announcement, Sutor Bank banking platform
On the legal point, the contracting legal entity is Sutor Bank GmbH, supervised in Germany by the Federal Financial Supervisory Authority (BaFin). On the available record the MiCA crypto-asset service here covers a single service - the execution of orders on crypto-assets for clients (order execution). It does not, on this record, extend to other MiCA services such as custody and administration, operating a trading platform, exchange of crypto-assets for funds or other crypto-assets, portfolio management, advice, or transfer services. As a full credit institution, Sutor Bank states it does not need a separate standalone MiCAR licence but rather notified BaFin of its provision of crypto-asset services, which the bank reports was confirmed on 18 December 2025, allowing EU-wide passporting. Sources: Sutor Bank MiCAR announcement, sutorbank.de
Which crypto services is Sutor Bank GmbH authorised to offer in the EU?
Under its MiCA authorisation issued by Federal Financial Supervisory Authority (BaFin), Sutor Bank GmbH (Sutor 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.
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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 Sutor Bank GmbH not authorised to offer?
Sutor Bank GmbH'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 Sutor 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 Sutor 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 Sutor Bank GmbH in the EU?
If you transact through Sutor Bank GmbH's EEA-authorised entity (Sutor 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 Sutor Bank GmbH's terms of service that your contracting entity is Sutor Bank GmbH, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Sutor 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 | |
| OKX | Malta | 9 services | |
| Kraken | Ireland | 8 services |
Related reading
Understand the regulatory context behind Sutor Bank GmbH's entry on the register:
Frequently asked questions about Sutor Bank GmbH and MiCA
Is Sutor Bank GmbH licensed under MiCA?
Yes. Sutor 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 Sutor 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 Sutor 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 Sutor 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 Sutor Bank GmbH'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.