EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED 30 June 2026

Is Tradias GmbH licensed under MiCA in the European Union?

Tradias GmbH's European entity (Tradias 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 19 March 2025.

Verdict: Tradias GmbH appears in the ESMA Register of MiCA-Authorised CASPs.

Legal entity	Tradias GmbH
Home Member State	Germany
National Competent Authority	Federal Financial Supervisory Authority (BaFin)
Authorisation date	19 March 2025
Legal Entity Identifier (LEI)	`529900FYBTAGIOS54M10`
Authorised services	Exchange for funds, Exchange for crypto, Order execution, Placing, Transfer services

Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.

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About Tradias GmbH

Tradias GmbH is not a consumer crypto exchange. On its own website it presents itself as the digital-assets arm of Bankhaus Scheich, describing the business as a BaFin-regulated securities trading bank that provides institutional-grade liquidity rather than a retail app. Its stated services are an OTC principal desk, exchange market making and tokenization, covering tokenized assets, crypto assets and FX pairs in a single integration, with access via API, chat or its own trading platform. Tradias states it emerged from Bankhaus Scheich with over 40 years of accumulated knowledge in securities trading and market making. Source: tradias.de

According to research summaries, the entity was incorporated as tradias GmbH in 2024 and is headquartered in Frankfurt, Germany, with the BaFin securities trading bank licence and a Series A round both completed in October 2024. The firm is positioned as a business-to-business and business-to-business-to-consumer provider serving institutional traders, not as a Bitcoin-only spot, custody, savings or card product for retail users. Sources: tradias news, Talos

On the legal point, the contracting legal entity is Tradias GmbH, supervised in Germany by the Federal Financial Supervisory Authority (BaFin) under BaFin-ID 10160903. Its MiCA authorisation covers exchange of crypto-assets for funds, exchange of crypto-assets for other crypto-assets, execution of orders, placing, and transfer services for clients. The website's own BaFin database listing maps these to the corresponding MiCA-R articles (Art. 3(1)(16) c, d, e, f and j). Notably, the MiCA services listed do not include custody and administration of crypto-assets, staking, or any savings or card product. A merger with Boerse Stuttgart Digital reported for H2 2026 is described as adding custody and staking, but that is a planned future development and is not part of the current Tradias licence. Source: tradias.de BaFin listing

Which crypto services is Tradias GmbH authorised to offer in the EU?

Under its MiCA authorisation issued by Federal Financial Supervisory Authority (BaFin), Tradias GmbH (Tradias 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.

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.
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.
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.
Placing of crypto-assets

The exchange can underwrite or distribute new crypto-asset issuances. Relevant for primary offerings and structured token launches.
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 Tradias GmbH not authorised to offer?

Tradias GmbH's MiCA licence does not cover: Custody, Trading platform, Order R&T, Advice, Portfolio mgmt. These services may still be offered by other authorised providers, or by Tradias GmbH 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 Tradias 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 Tradias GmbH in the EU?

If you transact through Tradias GmbH's EEA-authorised entity (Tradias GmbH), the protections introduced by MiCA apply to your relationship from 19 March 2025 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 Tradias GmbH's terms of service that your contracting entity is Tradias GmbH, not a non-EEA affiliate.

Which MiCA-authorised exchanges are alternatives to Tradias GmbH?

Three MiCA-authorised providers to consider. Drawn from the ESMA register, never paid placement.

Provider	Home Member State	Authorised	Services
Alaric Securities	Bulgaria	22 December 2025	9 services
OKX	Malta	27 January 2025	9 services
Kraken	Ireland	25 June 2025	8 services

Frequently asked questions about Tradias GmbH and MiCA

Is Tradias GmbH licensed under MiCA?

Yes. Tradias 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 Tradias 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 Tradias 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 Tradias 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 Tradias GmbH's entry is on this page under 'Sources'.

Sources

This page is updated weekly. Last verified 30 June 2026. If you believe any information on this page is inaccurate, write to our contact page.