1 July 2026 date (latest end of transitional period)
Crypto-asset service providers already operating before 30 December 2024 could continue until 1 July 2026 or until their authorisation was granted or refused, whichever came first; Member States could shorten this.
EUR-Lex (Official Journal of the EU)114 CASPs with Germany as home state (tallied)
By home Member State, Germany has 114 distinct registered CASPs, France 36, the Netherlands 29, Cyprus 25 and Malta 23 (tallied from the same register file, which includes EEA non-EU states).
European Securities and Markets Authority24 EU Member States with at least one CASP (tallied)
The register lists CASPs in 24 of the 27 EU Member States; Hungary, Poland and Romania have none listed.
European Securities and Markets AuthorityWhy this market is moving now
- MiCA has applied in full since 30 December 2024.
- The longest grandfathering period for existing providers ended on 1 July 2026.
- ESMA's register shows 365 EU-based CASPs, with 211 first authorised in 2026 so far.
- ESMA's register also carries a list of 178 non-compliant entity records.
Key figures
Each figure links to the page it came from.
| Figure | Value | Year | Source |
|---|---|---|---|
| The Markets in Crypto-Assets Regulation (EU) 2023/1114 applies from 30 December 2024, with the rules on asset-referenced and e-money tokens (Titles III and IV) applying from 30 June 2024. | 30 December 2024 | 2024 | EUR-Lex (Official Journal of the EU) |
| Crypto-asset service providers already operating before 30 December 2024 could continue until 1 July 2026 or until their authorisation was granted or refused, whichever came first; Member States could shorten this. | 1 July 2026 date (latest end of transitional period) | 2026 | EUR-Lex (Official Journal of the EU) |
| ESMA's interim MiCA register (CASP file) lists 365 distinct crypto-asset service providers with a home Member State in the EU, plus 19 in Liechtenstein, Norway and Iceland (384 distinct legal entity identifiers in 387 records). | 365 distinct EU crypto-asset service providers (tallied) | 2026 | European Securities and Markets Authority |
| By home Member State, Germany has 114 distinct registered CASPs, France 36, the Netherlands 29, Cyprus 25 and Malta 23 (tallied from the same register file, which includes EEA non-EU states). | 114 CASPs with Germany as home state (tallied) | 2026 | European Securities and Markets Authority |
| The register lists CASPs in 24 of the 27 EU Member States; Hungary, Poland and Romania have none listed. | 24 EU Member States with at least one CASP (tallied) | 2026 | European Securities and Markets Authority |
| Of the EU-based CASPs, 4 carry a first authorisation date in 2024, 144 in 2025 and 211 in 2026 up to 27 October (5 more are dated after that, up to 19 November 2026). | 211 CASPs first authorised in 2026 to 27 October (tallied) | 2026 | European Securities and Markets Authority |
| The register's e-money token (EMT) file lists 50 white-paper records from 25 distinct issuers, and its asset-referenced token (ART) issuer file lists no entries. | 25 distinct EMT issuers (tallied) | 2026 | European Securities and Markets Authority |
| The register's non-compliant entities file holds 178 records of entities flagged by national authorities. | 178 non-compliant entity records (tallied) | 2026 | European Securities and Markets Authority |
Companies to watch
Coinbase Luxembourg S.A.
Listed in the ESMA register with Luxembourg (CSSF) as authority and an authorisation date of 20/06/2025.
Bitpanda GmbH
Listed in the ESMA register with Austria (FMA) as home state and an authorisation date of 09/04/2025.
Bitvavo B.V.
Listed in the ESMA register with the Netherlands as home state and an authorisation date of 26/06/2025.
Payward Global Solutions Limited (Kraken)
Listed in the ESMA register with Ireland as home state and an authorisation date of 25/06/2025.
OKX Europe Limited
Listed in the ESMA register with Malta as home state and an authorisation date of 27/01/2025.
Bybit EU GmbH
Listed in the ESMA register with Austria as home state and an authorisation date of 28/05/2025.
Revolut Digital Assets (Europe) Ltd
Listed in the ESMA register with Cyprus as home state and an authorisation date of 20/10/2025.
What the full report covers
- 1
Executive summary
The answer on two pages: size, growth and what drives it.
- 2
Market size and outlook
History, the current year and a five-year view with base, low and high cases.
- 3
Segments and regions
Splits by product, buyer and geography across the US, Europe and MEA.
- 4
Company profiles
The main players, how they compete and where they are investing.
- 5
Data and method
Every figure in Excel, with the sources and assumptions behind it.
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the European Union market - 03Market size, 2021 to 2025
Historical series and growth rates - 04Outlook to 2031
Base, low and high scenarios with stated assumptions - 05Rules, policy and deadlines
Regulation and programmes that change demand - 06Drivers and barriers
What accelerates or slows adoption, by customer segment - 07Prices, costs and margins
Unit economics where public data allows - 08Competitive landscape
8 to 12 company profiles with recent moves - 09Opportunities and risks
For new entrants, suppliers and investors - 10Method and sources
Every assumption and source, listed
Included with the full report
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- Excel data pack
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Frequently asked questions
When did MiCA start to apply?
Regulation (EU) 2023/1114 applies from 30 December 2024, and the stablecoin rules in Titles III and IV applied from 30 June 2024, per EUR-Lex.
When did the MiCA transitional period for crypto providers end?
At the latest on 1 July 2026, or earlier if authorisation was granted or refused or a Member State shortened the period, according to the Regulation.
How many MiCA-authorised crypto providers are there?
ESMA's interim register, last updated 22 October 2026, lists 365 distinct CASPs based in EU Member States (counted from the register file), with 114 in Germany.
How fast are CASP authorisations growing?
By first authorisation date in the register, 144 EU CASPs date from 2025 and 211 from 2026 up to 27 October.
How many stablecoin issuers are in the MiCA register?
The EMT file lists 25 distinct issuers across 50 white-paper records, and the ART issuer file lists none.
Which major exchanges have a MiCA licence?
The register lists Coinbase Luxembourg, Bitpanda, Bitvavo, Kraken's Payward entities, OKX Europe, Bybit EU and Revolut Digital Assets (Europe).
Sources and method
The figures on this page come from the public sources listed below. Read how we work.
- EUR-Lex (Official Journal of the EU): Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets (2023-06-09)
This Regulation shall apply from 30 December 2024.
- EUR-Lex (Official Journal of the EU): Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets (2023-06-09)
may continue to do so until 1 July 2026 or until they are granted or refused an authorisation pursuant to Article 63, whichever is sooner.
- European Securities and Markets Authority: Interim MiCA Register - Crypto-asset service providers (CASPS.csv) (2026-10-22)
Last update: 22 October 2026
- European Securities and Markets Authority: Interim MiCA Register - Crypto-asset service providers (CASPS.csv) (2026-10-22)
Last update: 22 October 2026
- European Securities and Markets Authority: Interim MiCA Register - Crypto-asset service providers (CASPS.csv) (2026-10-22)
Last update: 22 October 2026
- European Securities and Markets Authority: Interim MiCA Register - Crypto-asset service providers (CASPS.csv) (2026-10-22)
Last update: 22 October 2026
- European Securities and Markets Authority: Interim MiCA Register - Issuers of EMT (EMTWP.csv) (2026-10-22)
Last update: 22 October 2026
- European Securities and Markets Authority: Interim MiCA Register - Non-compliant entities (NCASP.csv) (2026-10-22)
Last update: 22 October 2026
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