Nine New Crypto Service Providers Join EU MiCA Registry, Totaling 375

The latest update published on Friday by the European Securities and Markets Authority (ESMA) includes MEGE zweite, the Austrian subsidiary of the crypto exchange BingX. Additionally, Italy’s YouHodler, a crypto lending platform offering yield-generating products, was added with approvals covering custody services, crypto exchange operations, order execution, and transfer facilitation.

Both BingX and YouHodler confirmed receiving their authorizations last week. Daniel Lai, CEO of BingX EU, highlighted that this regulatory approval enables the company to function within a clearly defined framework as it prepares to roll out regulated offerings across the European Economic Area.

Among other newly listed entities is Spain's Prakma Markets, which is connected to the Goin crypto app and runs a savings and investment platform.

In Germany, the registry now includes Openbank Deutschland, a subsidiary of the Spanish Banco Santander group, as well as cooperative banks VR-Bank Alb-Blau-Donau and VR Bank im südlichen Franken.

Contrasting these additions, Danish firm Penning Financial Services no longer appears in the register, despite consistent inclusion from July 3 onward. A Penning spokesperson clarified to Cointelegraph that its MiCA authorization remains valid and that no notifications of changes have been received from Denmark’s financial regulator. Efforts to obtain explanations from ESMA and Denmark’s Financial Supervisory Authority were pending at the time of reporting.

The registry for e-money tokens (EMT) remains steady at 50 entries representing 25 distinct entities, while the asset-referenced tokens (ART) register continues to have no listings. The register documenting non-compliant crypto-asset service providers (NCASP) expanded by five to reach a total of 178 entries.

Penning Financial Services' unexpected removal while maintaining authorization status raises questions yet to be clarified by regulatory authorities.

This update reflects ongoing regulatory developments within the EU's crypto market framework and the continued expansion and refinement of authorized service providers under MiCA.