EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Trade Republic licensed under MiCA in the European Union?
Trade Republic's European entity (Trade Republic 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 28 April 2025.
Verdict: Trade Republic appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Trade Republic Bank GmbH |
|---|---|
| Home Member State | Germany |
| National Competent Authority | Federal Financial Supervisory Authority (BaFin) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 5299009IFX1XTKDY4568 |
| Authorised services | Custody, Order execution, Order R&T, Transfer services |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Trade Republic
Trade Republic is a German online broker and full-service bank that offers crypto investing alongside stocks, ETFs, bonds and savings plans within a single app. The crypto offering is operated by the licensed bank itself rather than a separate exchange brand. Trade Republic states it serves more than 10 million customers across 18 European countries and holds over 150 billion euros in client assets, figures presented as the company's own reporting rather than independently verified. Source: Trade Republic
On the crypto side, the service covers roughly 50 crypto-assets including Bitcoin and altcoins, with spot buy and sell, custody, transfers between wallets, recurring savings plans (DCA), and staking on assets such as Solana and Ethereum. Trade Republic also offers a payment card with a Saveback feature and supports EUR and SEPA via a customer IBAN. Cold storage of crypto-assets is handled by BitGo Europe GmbH. Sources: Trade Republic, EQS News press release
The contracting legal entity is Trade Republic Bank GmbH, founded in 2015 and headquartered in Berlin, Germany. It is supervised as a bank by Germany's Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank. For crypto-asset services it holds authorisation under the EU's MiCA regulation, granted by BaFin and passported into other EU markets including France via the AMF. Sources: AMF France MiCA notification, Wikipedia
Under MiCA, the licence covers custody and administration of crypto-assets, execution of orders, reception and transmission of orders, and transfer services for crypto-assets. Note that the authorisation as recorded does not list operation of a trading platform (an exchange venue) as a separate covered service, so the MiCA permissions centre on order handling, custody and transfers rather than running a public crypto exchange. Investors should confirm the current scope on the official register before relying on it. Source: AMF France MiCA notification
Which crypto services is Trade Republic authorised to offer in the EU?
Under its MiCA authorisation issued by Federal Financial Supervisory Authority (BaFin), Trade Republic (Trade Republic 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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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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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 Trade Republic not authorised to offer?
Trade Republic's MiCA licence does not cover: Trading platform, Exchange for funds, Exchange for crypto, Placing, Advice, Portfolio mgmt. These services may still be offered by other authorised providers, or by Trade Republic 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 Trade Republic 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 Trade Republic in the EU?
If you transact through Trade Republic's EEA-authorised entity (Trade Republic 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 Trade Republic's terms of service that your contracting entity is Trade Republic Bank GmbH, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Trade Republic?
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 Trade Republic's entry on the register:
Frequently asked questions about Trade Republic and MiCA
Is Trade Republic licensed under MiCA?
Yes. Trade Republic 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 Trade Republic 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 Trade Republic 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 Trade Republic'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 Trade Republic'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.