MiCA registry reaches 309 licensed providers

TLDR

The EUs MiCA crypto-asset register now lists 309 licensed providers, highlighting how fast Europes crypto market is moving into a fully regulated regime.

1. ESMAs latest update expanded the MiCA CASP register to 309 entities, adding banks and crypto platforms such as BNY Mellons Belgian unit and several regional exchanges.
2. MiCA licences give passporting rights across 27 EU states, and MiCA-authorised venues already handle most European crypto trading volume, concentrating activity on compliant platforms.
3. More banks, stablecoin issuers and crypto firms are likely to seek registration, while workarounds and non-compliant strategies face rising access and business risks in the EU.

Deep Dive

1. What The 309 Figure Represents

According to an ESMA-focused analysis, the MiCA crypto-asset service provider (CASP) registry was expanded to 309 licensed entities in a July 27 update, the third since the post-deadline regime began, with 15 new providers added, including BNY SA/NV, several German cooperative banks and platforms such as BitPay and Coinify. This registry records which legal entities are authorised to offer MiCA-regulated services like custody, trading and exchange of crypto assets across the EU MiCA CASP registry expanded to 309 providers.

A separate European market overview notes that, across 26 EEA states, 338 CASPs were authorised as of July 26, suggesting the 309 figure is a specific ESMA register subset inside a broader MiCA licensing universe MiCA enforcement figures for CASPs.

2. How MiCA Is Reshaping Market Structure

MiCA replaces fragmented national regimes with a single rulebook for crypto-asset services, allowing an authorised CASP to passport services across EU member states after a notification process, rather than reapplying in each country MiCA CASP registry expanded to 309 providers. One enforcement overview estimates that by June, exchanges with MiCA authorisation were already handling about 83 percent of European crypto trading volume, underscoring how liquidity is migrating to regulated venues MiCA enforcement figures for CASPs.

Institutional projects are aligning with this framework. For example, Nexo keeps its services live in the EEA by routing custody and brokerage through MiCA-licensed German partners, rather than holding its own CASP licence, demonstrating that compliant infrastructure is becoming a prerequisite for serving EU users at scale Nexo keeps EU services live with MiCA partners.

3. Winners, Losers And National Adjustments

Traditional banks and well-capitalised crypto platforms stand to benefit from MiCA, using CASP licences or licensed partners to expand regulated digital asset offerings, including upcoming euro-denominated stablecoins and tokenised products.

By contrast, firms that fail licensing bids or rely on unregulated models are already feeling pressure. AscendEX, for instance, cited failed EU MiCA licensing among reasons for stopping trading, and Binance has faced app availability issues in several EU countries as MiCA enforcement tightened scrutiny of authorisation status and consumer protection.

National rule tweaks also matter. Hungary is moving to repeal tough extra domestic crypto rules that sat on top of MiCA, after those rules drove a near-total industry exodus, indicating that outlier national regimes are likely to be softened to align with the EU framework Hungary set to drop tough national crypto rules.

Conclusion

MiCAs CASP registry reaching 309 providers signals that Europes unified crypto rulebook is now operational rather than theoretical, with regulated entities rapidly filling the map. For crypto users and institutions, the practical edge lies in tracking who is actually authorised, where liquidity and custody are moving, and which firms adapt their structures to MiCA rather than trying to skirt it. As more banks, infrastructures and platforms join the register, compliant access is likely to become the default route into the European digital asset market.