Perpetuals.com Ltd. (NASDAQ: PDC) announced that its subsidiary, Perpetual Markets MTF, has received approval from the Cyprus Securities and Exchange Commission (CySEC) to provide crypto-asset services under the European Union's Markets in Crypto-Assets Regulation (MiCA). The authorization allows the company to operate a crypto-asset trading platform offering custody, administration, order execution, order reception and transmission, and crypto-asset transfer services across the EU.
This approval builds on Perpetuals' existing MiFID II-regulated multilateral trading facility (MTF), creating a pathway to offer these services throughout the EU via the MiCA cross-border notification framework. As a result, Perpetuals is positioned to provide brokers and institutions with white-label access to regulated European crypto services through its infrastructure.
MiCA, which came into force in 2023, establishes a comprehensive regulatory framework for crypto-assets in the EU, aiming to protect investors and maintain financial stability. By obtaining this authorization, Perpetuals can now operate under a single license that is recognized across all EU member states, eliminating the need for separate approvals in each country.
This development is significant for the industry as it represents one of the early approvals under MiCA, signaling a maturing regulatory environment for crypto businesses. For Perpetuals, it opens up new market opportunities and enhances its competitive position in the European crypto market. The company's focus on AI-powered trading and prediction markets, combined with regulatory compliance, could appeal to institutional clients seeking secure and compliant trading venues.
Perpetuals.com Ltd. is a fintech company developing AI-powered trading products and prediction markets, with operations in the United States, Europe, and Asia. Its proprietary platform, Kronos X, leverages advanced AI and data analysis, trained on billions of trades, to provide real-time market monitoring and pattern identification for trading and risk decisions. The platform offers multi-asset coverage with self-clearing blockchain-based settlement.
The company's European MTF infrastructure and Kronos X platform operate with full compliance to MiFID II, MiCA, DORA, and EMIR regulations, ensuring a high standard of operational integrity and investor protection.
For more information on Perpetuals and its latest updates, visit their newsroom.
