MiCA authorisation: 98 providers at BaFin, what matters in the ESMA register

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Whether a crypto provider is authorised in the EU sits in two public registers, and the two show different things. The BaFin database lists 98 German crypto-asset service providers; Coinbase, Kraken and Binance are in none of them.Add as a preferred source on GoogleFollow on Google NewsA MiCA authorisation is the permission to offer crypto services in the European Union, and two public directories let you check whether your provider holds one: the company database of the German supervisor BaFin and the MiCA register of the European Securities and Markets Authority, ESMA. The catch is that the two do not show the same thing. Anyone who looks only at BaFin will not find the big international exchanges there at all, and it is easy to draw the wrong conclusion from that. A count of our own from October 28, 2026 shows how large the difference is. The BaFin company database lists exactly 98 entries in the category "crypto-asset service providers", with data as of October 27. Coinbase,...