Webull EU has recently achieved a significant milestone by obtaining MiCAR approval from the Netherlands, paving the way to introduce regulated crypto custody services to clients throughout Europe later this year. This move aligns with the EU's broader framework for digital assets, known as the Markets in Crypto-Assets Regulation (MiCAR).
With this approval from the Netherlands' financial authority, Webull plans to initiate its crypto services starting in the Netherlands, with the intention of expanding across other EU member states. This strategy is possible thanks to the single licensing regime established by MiCAR, allowing firms authorized in one country to operate across the European Economic Area without additional licensing.
Webull's CEO Andries van Luijk expressed enthusiasm about the approval, highlighting it as a crucial step in the company's ambitions to provide regulated access to digital assets in Europe. In collaboration with Coinbase Luxembourg, Webull will handle custody of clients' crypto assets while delegating trade execution.
Once services commence, expected by late 2026, users in Europe will be able to trade various crypto assets via the Webull platform. The MiCAR approval not only facilitates the launch of these services but also ensures they adhere to the necessary investor protection and operational standards set by the EU.
The approval comes as a part of a trend where numerous financial and crypto companies are securing MiCAR authorization, especially following the end of the regulation's transition period on July 1. Recently, other companies like Ripple have also received regulatory approvals in Luxembourg, which has become a hub for firms looking to expand their crypto operations in Europe.
This material is for informational purposes only and does not constitute financial advice.
