EU MiCA Deadline Hits: Only 14 Crypto Trading Platforms Remain Licensed in Europe

The European Union’s MiCA transitional period officially ended July 1, 2026, triggering a sharp reset for the region’s crypto market.

As of today, any broker or wallet provider without a CASP license is no longer permitted to operate in the EU. Live register data shows 183 entities now hold full authorization across 20 EEA states. But the license to run a trading platform remains the rarest category — only 14 firms have it.

Germany leads with 53 licensed entities, followed by the Netherlands with 25, France 13, and Malta 12. Meanwhile, 10 EU and EEA states still report zero CASP authorizations, including Croatia, Estonia, Greece, Hungary, Iceland, Italy, Norway, Poland, Portugal, and Romania.

The shift is most visible in Estonia. It once hosted hundreds of licensed crypto firms under the old VASP framework. Now, its CASP conversion rate sits near zero. Poland faces a different issue — it has not yet passed domestic legislation to grant MiCA authorizations.

The broader conversion rate from VASP registrations to full MiCA authorization stands at just 8% across the continent. That shows how few firms cleared the new regulatory bar.

For most EU users, trading access has narrowed fast. Custody and transfer approval do not equal trading platform approval, and only those 14 authorized platforms can legally offer buy/sell services after July 1.

This is not financial advice.

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