Acheron Trading has made history by becoming the first dedicated crypto market maker to secure a Crypto-Asset Service Provider (CASP) license under the European Union’s Markets in Crypto-Assets Regulation (MiCA).
Granted by the Dutch Authority for the Financial Markets (AFM), this license includes a European passport, enabling Acheron to extend its services across the entire European Union.
Since MiCA came into effect on December 30, 2024, only a handful of crypto firms have obtained CASP licenses from the AFM. Notably, Acheron is the first market maker to reach this milestone—a significant development given the critical role market makers play in ensuring liquidity and accurate price discovery for Europe-based crypto projects.
Laurent Benayoun, CEO of Acheron Trading, emphasized Europe’s growing adoption of cryptocurrencies and praised MiCA as the continent’s first unified regulatory framework for digital assets. He added,
“This license positions Acheron at the forefront of the evolving European crypto landscape, and we expect more service providers to follow, unlocking the full potential of the market.”
Founded with a mission to promote transparency and integrity in crypto market making, Acheron’s founder, Wesley Pryor, highlighted the importance of global liquidity and responsible expansion. He explained,
“Securing this license enables us to meet the needs of clients worldwide while upholding the highest regulatory standards.”
Leading the licensing process was Chief Legal Officer Daniel Lo, who joined the company less than a year ago. Lo noted that the CASP license embodies Acheron’s commitment to compliance and combating market manipulation in accordance with MiCA’s requirements.
Looking ahead, Acheron Trading plans to pursue additional licenses in other jurisdictions as part of a broader strategy to expand its regulated operations internationally, thereby further solidifying its leadership in the global cryptocurrency market.
In a related development, One Trading has also become the first trading platform in the European Union to receive full regulatory approval under both MiFID II and MiCAR, marking another significant step forward for regulated crypto finance in Europe.
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