Acheron Becomes First Crypto Market Maker with CASP License Under EU MiCA Regulation, Setting Benchmark for Market Compliance
Singapore-based Acheron Trading has become the first cryptocurrency market maker to secure a Crypto-Asset Service Provider (CASP) license under the European Union’s Markets in Crypto-Assets (MiCA) regulation. Granted by the Dutch Authority for the Financial Markets (AFM), this license enables Acheron to legally offer crypto market-making services throughout the EU’s 27 member states. MiCA aims to create a unified regulatory framework for crypto assets in Europe, closing previous legal gaps and enhancing institutional oversight, with full implementation expected by June 2025. Prior to Acheron, only four crypto firms had received a CASP license from the AFM, none of which were dedicated market makers. Acheron’s achievement is expected to boost market credibility and investor trust, signaling growing institutional acceptance of regulated crypto trading and potentially paving the way for increased retail and institutional participation. For traders, this regulatory milestone indicates a shift towards a more transparent and secure trading environment in the EU, likely enhancing market stability and spurring similar compliance moves across the sector.
Bullish
Securing the first CASP license under the EU’s MiCA regulation positions Acheron as a regulatory leader, enhancing trust and credibility in the European crypto market. This regulatory clarity is likely to attract more institutional and retail participants, contribute to market stability, and set the stage for further adoption of regulated crypto trading. In the short term, this move promotes a positive sentiment toward compliant crypto service providers in the EU. Longer-term, the standardized regulatory environment is expected to lower risks, increase transparency, and support bullish market development as more players follow Acheron’s lead.