ESMA Adds 15 New Crypto-Asset Service Providers to MiCA Register

The European Securities and Markets Authority (ESMA) has added 15 new crypto-asset service providers (CASPs) to its MiCA register, bringing the total number of licensed CASPs to 309. This update follows the July 1 transitional deadline for firms to transition into the MiCA regime.

The newest entrants include several banks, as well as digital asset platforms such as BitPay and Coinify. Banking groups are among the largest new entrants, with BNY SA/NV, a Belgian subsidiary of BNY Mellon, also joining the list. Germany and Denmark contributed the most new registrations, with three additions each.

Industry concerns persist that compliance costs could pressure smaller firms to exit the market. ESMA's continued additions highlight that MiCA implementation remains an evolving process. The register continues to change as companies complete licensing procedures across different European markets.