Perpetuals.com Ltd. (NASDAQ: PDC) announced that its subsidiary, Perpetual Markets MTF, has received approval from the Cyprus Securities and Exchange Commission (CySEC) to offer crypto-asset services under the European Union's Markets in Crypto-Assets Regulation (MiCA). This authorization allows the operation of a crypto-asset trading platform offering custody and administration, order execution, order reception and transmission, and crypto-asset transfer services.
The approval builds on Perpetuals' existing MiFID II-regulated multilateral trading facility (MTF) and provides a route to offer these services across the EU through the MiCA cross-border notification framework. This positions Perpetuals to provide brokers and institutions with white-label access to regulated European crypto services through its infrastructure.
This development is significant because it marks a major step in the mainstream adoption of crypto-assets within a regulated framework. MiCA is the first comprehensive regulatory framework for crypto-assets in the EU, and obtaining authorization under it demonstrates Perpetuals' commitment to compliance and regulatory standards. This could enhance investor confidence and attract institutional clients seeking a secure and regulated environment for crypto trading.
The company's proprietary trading platform, Kronos X, combines advanced AI and data analysis, trained on billions of trades, monitors market activity in real time, and provides multi-asset coverage with self-clearing blockchain-based settlement. The licensed European MTF infrastructure and Kronos X operate with full MiFID II, MiCA, DORA, and EMIR compliance.
Perpetuals.com is a fintech company developing AI-powered trading products and prediction markets, with a global footprint across the United States, Europe, and Asia. Its mission is to reduce risk by empowering retail users with intuitive, secure, and efficient trading experiences across multiple asset classes. With this authorization, Perpetuals is poised to expand its services across the EU, potentially increasing its market share and revenue opportunities.
The approval also highlights the growing trend of traditional financial institutions and fintech companies embracing regulated crypto services. As the EU implements MiCA, companies like Perpetuals are well-positioned to lead the way in offering compliant crypto-asset services, which could set a precedent for other regions. For more information, visit the company's newsroom at https://cnw.fm/PDC.
