MiCA SERVICE · ARTICLE 3(1)(16)(G) · LAST UPDATED
What is "Order R&T" under MiCA Article 3(1)(16)(g)?
Order R&T is one of ten crypto-asset services defined by the EU's Markets in Crypto-Assets Regulation. 53 of the 244 MiCA-authorised crypto exchanges we track hold an authorisation for this service today.
What does "Order R&T" mean under MiCA?
Reception and transmission of orders for crypto-assets on behalf of clients
What does this service mean for me as a user?
The exchange can receive your order and pass it to another venue for execution. Brokerage-pattern service, often paired with order execution.
Which exchanges hold a MiCA authorisation for Order R&T?
53 of the 244 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 | |
| OKX | Malta | 9 of 10 | |
| Kraken | Ireland | 8 of 10 | |
| ZBX | Malta | 8 of 10 | |
| Bitpanda | Austria | 7 of 10 | |
| Penning | Denmark | 7 of 10 | |
| Bankhaus Scheich Wertpapierspezialist AG | Germany | 7 of 10 | |
| Bitstamp | Luxembourg | 7 of 10 | |
| Coinbase | Luxembourg | 7 of 10 | |
| Gemini | Malta | 7 of 10 | |
| Bit2Me | Spain | 7 of 10 | |
| BITCOIN STORE | Croatia | 6 of 10 | |
| ILAVO GROUP a.s. | Czech Republic | 6 of 10 | |
| Invity Finance s.r.o. | Czech Republic | 6 of 10 | |
| BitGo Europe GmbH | Germany | 6 of 10 | |
| Joh. Berenberg, Gossler & Co. KG | Germany | 6 of 10 | |
| StoneX | Ireland | 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 | |
| Madison Six|crypto4me | Slovakia | 6 of 10 | |
| Safello AB | Sweden | 6 of 10 | |
| Olmipay | Malta | 5 of 10 | |
| FIDUS Finanz AG | Germany | 4 of 10 | |
| Fels wealth GmbH | Germany | 4 of 10 | |
| Trade Republic | Germany | 4 of 10 | |
| LGT Bank AG | Liechtenstein | 4 of 10 | |
| Robinhood | Lithuania | 4 of 10 | |
| Finst | Netherlands | 4 of 10 | |
| Ilirika | Slovenia | 4 of 10 | |
| CAIXABANK | Spain | 4 of 10 | |
| CACEIS BANK | France | 3 of 10 | |
| AnCeKa Vermögensbetreuungs Aktiengesellschaft | Germany | 3 of 10 | |
| ClearBank Europe B.V. | Netherlands | 3 of 10 | |
| CECABANK | Spain | 3 of 10 | |
| KUTXABANK | Spain | 3 of 10 | |
| RENTA 4 | Spain | 3 of 10 | |
| BV & P Vermögen AG | Germany | 2 of 10 | |
| CONCEDUS GmbH | Germany | 2 of 10 | |
| Vermögensbutler GmbH | Germany | 2 of 10 | |
| Altarius Asset Management Limited | Malta | 2 of 10 | |
| Vivid Money B.V. | Netherlands | 2 of 10 | |
| AK JENSEN NORWAY AS | Norway | 2 of 10 | |
| DonauCapital Wertpapier GmbH | Germany | 1 of 10 | |
| Huddlestock GmbH | Germany | 1 of 10 | |
| ISF Institut Deutsch-Schweizer Finanzdienstleistungen GmbH | Germany | 1 of 10 | |
| N26 Bank SE | Germany | 1 of 10 | |
| Smartbroker AG | Germany | 1 of 10 | |
| Traders Place GmbH & Co. KGaA | Germany | 1 of 10 | |
| sino Aktiengesellschaft | Germany | 1 of 10 | |
| wSw PortfolioManagement AG | Germany | 1 of 10 | |
| Interactive Brokers Ireland Limited | Ireland | 1 of 10 |
Sourced from the ESMA Register of Crypto-Asset Service Providers, retrieved 30 June 2026.
Where is this service defined in EU law?
The Markets in Crypto-Assets Regulation - Regulation (EU) 2023/1114 - defines "Order R&T" in Article 3(1)(16)(g). 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 "Order R&T" 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.
- Exchange for crypto - Crypto-to-crypto conversion, such as BTC to ETH.
- Order execution - Placing orders on third-party venues on behalf of clients.
- Placing - Underwriting or distributing new crypto-asset issuances.
- 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.