MiCA license in Austria lets KuCoin offer regulated crypto services across 29 EEA states, boosting its compliance, security standards, and EU market reach.
Summary
- KuCoin’s Austrian MiCA license allows trading, custody, and other digital asset services across 29 EEA countries under a unified EU regime.
- The approval aligns with KuCoin’s broader “$2 billion Trust Project,” alongside AUSTRAC registration and multiple security certifications and audits.
- MiCA’s passporting rules place KuCoin among major exchanges like Coinbase and Kraken that secured authorization ahead of the December 2024 deadline.
KuCoin has obtained a Markets in Crypto-Assets (MiCA) license in Austria through its European subsidiary, enabling the exchange to offer digital asset services across 29 European Economic Area countries, the company announced Friday.
The authorization for KuCoin EU Exchange GmbH represents the platform’s compliance with the European Union’s regulatory framework for crypto assets, which took full effect in December 2024. MiCA establishes uniform rules for crypto service providers operating across EU member states.
“Securing the MiCA license with our local entity in Austria is a defining milestone in KuCoin’s long-term trust and compliance strategy,” BC Wong, KuCoin’s chief executive officer, stated in the announcement. “Europe’s MiCA framework represents one of the highest regulatory standards worldwide, and we are proud to meet this benchmark.”
The license permits KuCoin EU to provide trading, custody, and other digital asset services to European users under a unified regulatory structure. MiCA requirements include capital adequacy standards, segregation of customer assets, disclosure obligations, and authorization from national competent authorities.
The Austrian approval follows KuCoin’s registration as a Digital Currency Exchange with Australia’s financial intelligence agency AUSTRAC in November. The exchange has been expanding its regulatory presence across multiple jurisdictions as part of what the company describes as a “$2 billion Trust Project.”
KuCoin has implemented security certifications including SOC 2 Type II, ISO 27001:2022, ISO 27701, and the Cryptocurrency Security Standard, according to the company. The platform also conducts third-party proof-of-reserves audits.
“Compliance is not simply a regulatory obligation – it is the foundation of our long-term mission to deliver secure, innovative, and accessible digital asset services to users worldwide,” Wong stated.
The MiCA framework regulates crypto asset service providers, issuers of asset-referenced tokens including stablecoins, and issuers of e-money tokens. Providers authorized in one EU member state can passport their services across the entire EEA under the regulation.
KuCoin EU joins a growing number of exchanges securing MiCA authorization as the regulation’s December 2024 implementation deadline prompted platforms to either obtain licenses or exit European markets. Major exchanges including Coinbase, Kraken, and Bitstamp have also secured MiCA-compliant operations.
