Acheron Trading Secures First-Ever CASP License for Crypto Market Makers Under MiCA

Acheron Trading has made history as the first dedicated crypto market maker to obtain a Crypto-Asset Service Provider (CASP) license under the EU’s Markets in Crypto-Assets Regulation (MiCA). The Singapore-based firm can now operate across all 27 member states, marking a watershed moment for institutional crypto adoption in Europe.

The Dutch Authority for the Financial Markets (AFM) granted the license after rigorous vetting, adding Acheron to both its national register and the European Securities Markets Authority’s oversight system. Only three other crypto firms have cleared this regulatory hurdle since MiCA’s implementation.

This milestone signals growing regulatory acceptance for market makers—liquidity providers crucial for healthy crypto markets. Acheron’s compliance blueprint may become the Gold standard as MiCA’s full provisions take effect in January 2025.