MiCA SERVICE · ARTICLE 3(1)(16)(D) · LAST UPDATED
What is "Exchange for crypto" under MiCA Article 3(1)(16)(d)?
Exchange for crypto is one of ten crypto-asset services defined by the EU's Markets in Crypto-Assets Regulation. 142 of the 294 MiCA-authorised crypto exchanges we track hold an authorisation for this service today.
What does "Exchange for crypto" mean under MiCA?
Exchange of crypto-assets for other crypto-assets
What does this service mean for me as a user?
The exchange offers crypto-to-crypto trading (e.g. BTC to ETH). Required for most spot trading pairs not denominated in fiat.
Which exchanges hold a MiCA authorisation for Exchange for crypto?
142 of the 294 MiCA-authorised crypto exchanges we track hold an authorisation that includes this service.
| Provider | Home Member State | Authorised on | Total services held |
|---|---|---|---|
| Alaric Securities | Bulgaria | 9 of 10 | |
| NOEMON TECH LTD | Cyprus | 9 of 10 | |
| Bankhaus Scheich Wertpapierspezialist AG | Germany | 9 of 10 | |
| OKX | Malta | 9 of 10 | |
| J2TX Ltd | Cyprus | 8 of 10 | |
| NAGA X | Cyprus | 8 of 10 | |
| TEROXX DIGITAL ASSET LTD | Cyprus | 8 of 10 | |
| Kraken | Ireland | 8 of 10 | |
| Young Platform | Italy | 8 of 10 | |
| ZBX | Malta | 8 of 10 | |
| Bison Bank | Portugal | 8 of 10 | |
| Bitpanda | Austria | 7 of 10 | |
| Noemon Finance Ltd | Cyprus | 7 of 10 | |
| TRIA BRIDGE | Cyprus | 7 of 10 | |
| Unlimit Crypto Ltd (ex Stable Defi Ltd) | Cyprus | 7 of 10 | |
| tothemoon | Cyprus | 7 of 10 | |
| Penning | Denmark | 7 of 10 | |
| BANQUE DELUBAC | France | 7 of 10 | |
| COINHOUSE | France | 7 of 10 | |
| GOIN | France | 7 of 10 | |
| DLT Securities GmbH | Germany | 7 of 10 | |
| Bitstamp | Luxembourg | 7 of 10 | |
| Coinbase | Luxembourg | 7 of 10 | |
| Gemini | Malta | 7 of 10 | |
| NBX | Norwegian Block Exchange | Norway | 7 of 10 | |
| Bit2Me | Spain | 7 of 10 | |
| MINOS GLOBAL | Spain | 7 of 10 | |
| BITCOIN STORE | Croatia | 6 of 10 | |
| COMPLYCRYPTO DEPOSITORY EU LIMITED | Cyprus | 6 of 10 | |
| DASK CAPITAL | Cyprus | 6 of 10 | |
| KRYPTO KNIGHT | Cyprus | 6 of 10 | |
| Revolut | Cyprus | 6 of 10 | |
| Ronin EM Ltd | Cyprus | 6 of 10 | |
| Trading.com | Cyprus | 6 of 10 | |
| ILAVO GROUP a.s. | Czech Republic | 6 of 10 | |
| Invity Finance s.r.o. | Czech Republic | 6 of 10 | |
| DESKOIN | France | 6 of 10 | |
| FINCTEK | France | 6 of 10 | |
| PAYMIUM | France | 6 of 10 | |
| QWARKS | France | 6 of 10 | |
| BitGo Europe GmbH | Germany | 6 of 10 | |
| Joh. Berenberg, Gossler & Co. KG | Germany | 6 of 10 | |
| Tradevest Markets AG | Germany | 6 of 10 | |
| StoneX | Ireland | 6 of 10 | |
| Conio | Italy | 6 of 10 | |
| Cryptosmart | Italy | 6 of 10 | |
| AlphaRoute | Latvia | 6 of 10 | |
| Paybis | Latvia | 6 of 10 | |
| Bitcoin Suisse (Europe) AG | Liechtenstein | 6 of 10 | |
| Myriad Capital | Lithuania | 6 of 10 | |
| Bitpanda | Malta | 6 of 10 | |
| Crypto.com | Malta | 6 of 10 | |
| Gate.io | Malta | 6 of 10 | |
| FIRI AS | Norway | 6 of 10 | |
| FUMBI | Slovakia | 6 of 10 | |
| Madison Six|crypto4me | Slovakia | 6 of 10 | |
| Safello AB | Sweden | 6 of 10 | |
| AMINA EU | Austria | 5 of 10 | |
| Bybit | Austria | 5 of 10 | |
| Coinfinity | Austria | 5 of 10 | |
| KuCoin | Austria | 5 of 10 | |
| WhiteBIT EU | Austria | 5 of 10 | |
| COINMATE a.s. | Czech Republic | 5 of 10 | |
| GG Digital, a.s. | Czech Republic | 5 of 10 | |
| MP Developers s.r.o. | Czech Republic | 5 of 10 | |
| APLO | France | 5 of 10 | |
| BITSTACK | France | 5 of 10 | |
| FIPTO | France | 5 of 10 | |
| FLOWDESK EUROPE | France | 5 of 10 | |
| HEXARQ | France | 5 of 10 | |
| KEYROCK | France | 5 of 10 | |
| Bullish Europe GmbH | Germany | 5 of 10 | |
| Crypto Finance (Deutschland) GmbH | Germany | 5 of 10 | |
| Tradias GmbH | Germany | 5 of 10 | |
| CheckSig | Italy | 5 of 10 | |
| Backpack EU | Latvia | 5 of 10 | |
| BlockBen | Latvia | 5 of 10 | |
| Neverless | Latvia | 5 of 10 | |
| Floin AG | Liechtenstein | 5 of 10 | |
| SMART VALOR | Liechtenstein | 5 of 10 | |
| Bridge | Luxembourg | 5 of 10 | |
| CPS | Luxembourg | 5 of 10 | |
| bitFlyer EUROPE | Luxembourg | 5 of 10 | |
| BVNK | Malta | 5 of 10 | |
| Blockchain.com | Malta | 5 of 10 | |
| Damex | Malta | 5 of 10 | |
| FalconX | Malta | 5 of 10 | |
| OP Digital | Malta | 5 of 10 | |
| Payhound | Malta | 5 of 10 | |
| Socios.com | Malta | 5 of 10 | |
| zerohash europe | Netherlands | 5 of 10 | |
| BITCOINMAT | Slovakia | 5 of 10 | |
| Cryptonow | Austria | 4 of 10 | |
| OSL EU | Austria | 4 of 10 | |
| WHITE TECH LTD | Croatia | 4 of 10 | |
| COLLECT & EXCHANGE CY LTD | Cyprus | 4 of 10 | |
| capital.com | Cyprus | 4 of 10 | |
| IP wBTCb solutions, s.r.o. | Czech Republic | 4 of 10 | |
| Pluso a.s. | Czech Republic | 4 of 10 | |
| Simple Coin s.r.o. | Czech Republic | 4 of 10 | |
| GCEX|GC Exchange | Denmark | 4 of 10 | |
| Lightspark Payments Europe AS | Estonia | 4 of 10 | |
| Bitpanda Asset Management GmbH | Germany | 4 of 10 | |
| IG Europe GmbH | Germany | 4 of 10 | |
| Myntkaup | Iceland | 4 of 10 | |
| CoinJar | Ireland | 4 of 10 | |
| Skrill, NETELLER | Ireland | 4 of 10 | |
| Hercle | Italy | 4 of 10 | |
| Hodleris | Latvia | 4 of 10 | |
| Twino | Latvia | 4 of 10 | |
| Celsion Bank AG | Liechtenstein | 4 of 10 | |
| Sygnum Europe | Liechtenstein | 4 of 10 | |
| Coingate | Lithuania | 4 of 10 | |
| Simplex | Lithuania | 4 of 10 | |
| Bequant | Malta | 4 of 10 | |
| Xcoins | Malta | 4 of 10 | |
| Ari10 | Ari10 NL | WEB3 Technology B.V. | Netherlands | 4 of 10 | |
| Bitmymoney B.V. | Netherlands | 4 of 10 | |
| Coinmerce | Netherlands | 4 of 10 | |
| TÝR MARKETS AS | Norway | 4 of 10 | |
| Firefish | Slovakia | 4 of 10 | |
| CRIPTAN | Spain | 4 of 10 | |
| ELECTROCOIN | Croatia | 3 of 10 | |
| Tradu | Cyprus | 3 of 10 | |
| COMETH | France | 3 of 10 | |
| DEBLOCK | France | 3 of 10 | |
| EUWAX AG | Germany | 3 of 10 | |
| Confirmo Limited | Ireland | 3 of 10 | |
| RIV-Digital | Italy | 3 of 10 | |
| B2C2 | Luxembourg | 3 of 10 | |
| Banking Circle | Luxembourg | 3 of 10 | |
| Ripple Payments Europe S.A. | Luxembourg | 3 of 10 | |
| AvianLabs Netherlands B.V. | Netherlands | 3 of 10 | |
| BTC Direct | Netherlands | 3 of 10 | |
| EU Internet Ventures |EUIV|BNXA | Netherlands | 3 of 10 | |
| Hidden Road Partners CIV NL B.V. | Netherlands | 3 of 10 | |
| MoonPay Europe B.V. | Netherlands | 3 of 10 | |
| Lang & Schwarz TradeCenter AG & Co. KG | Germany | 2 of 10 | |
| Legend Trading | Ireland | 2 of 10 | |
| Push / Aave Push | Ireland | 2 of 10 | |
| Virtu Financial Ireland Limited | Ireland | 2 of 10 | |
| DUE | Spain | 2 of 10 |
Sourced from the ESMA Register of Crypto-Asset Service Providers, retrieved 18 July 2026.
Where is this service defined in EU law?
The Markets in Crypto-Assets Regulation - Regulation (EU) 2023/1114 - defines "Exchange for crypto" in Article 3(1)(16)(d). An exchange must obtain a separate sub-authorisation for each MiCA service it wishes to offer; holding one service does not imply the others. National competent authorities issue these authorisations exchange by exchange and service by service.
What if my exchange does not hold this authorisation?
From , offering "Exchange for crypto" to EEA residents without the corresponding MiCA authorisation is a breach of Regulation (EU) 2023/1114. Some exchanges hold a partial MiCA authorisation that excludes specific services; in those cases the exchange may continue to operate but is not legally allowed to offer the missing service to EEA residents.
What are the other MiCA services?
The full list of ten MiCA services defined in Article 3(1)(16):
- Custody - The exchange holds your crypto in its own wallets, subject to MiCA's segregation rules.
- Trading platform - Operating an order book where users place orders against each other.
- Exchange for funds - Crypto-to-fiat conversion, such as BTC to EUR.
- Order execution - Placing orders on third-party venues on behalf of clients.
- Placing - Underwriting or distributing new crypto-asset issuances.
- Order R&T - Receiving and transmitting orders to other venues for execution.
- Advice - Personalised investment advice on crypto-assets.
- Portfolio mgmt - Discretionary management of a crypto portfolio.
- Transfer services - Moving crypto between addresses, including off-platform withdrawals.
Sources cited on this page
- ESMA - Markets in Crypto-Assets Regulation (MiCA) and Register of CASPs
- Regulation (EU) 2023/1114 (MiCA) on EUR-Lex
The Crypto Register is an independent project. We do not provide legal or financial advice. Corrections: our contact page.