A Unified License for 27 Countries

Headquartered in Saint Helier, Jersey, CoinShares received its MiCA license through France’s financial authority, the Autorité des Marchés Financiers (AMF). This regulatory green light enables the firm to expand its crypto investment services into new European territories, building upon its existing operations in countries like Germany, the Netherlands, and Luxembourg.

With MiCA now added to its regulatory stack, alongside existing MiFID and AIFM licenses, CoinShares becomes the only major European digital asset manager to hold all three key financial permissions—setting it apart in the rapidly evolving crypto space.

Opening the Doors to a $38.7 Trillion Market

CoinShares CEO Jean-Marie Mognetti described the MiCA approval as a transformative step for both the company and the broader European digital asset ecosystem. “We now have a clear and harmonized regulatory framework across the EU. Being the first fully licensed digital asset manager based in continental Europe to meet these standards is a point of pride,” Mognetti stated.

The license could significantly enhance access to the $38.7 trillion European asset management market, facilitating broader exposure to regulated crypto investment products. This is particularly promising for institutional investors seeking compliant access to bitcoin, ethereum, and other altcoin holdings.

Leading Among Peers

While major global crypto exchanges like Coinbase, Bybit, OKX, and Crypto.com have also secured MiCA licenses, CoinShares stands out as the first digital asset management firm to obtain this approval. Its institutional focus positions the company as a pioneer in delivering compliant and secure crypto exposure across Europe.

Founded in 2013, CoinShares is publicly traded on the Nasdaq Stockholm exchange and currently manages more than $9 billion in digital assets. Following the MiCA announcement, the company’s stock rose 1.7%, reaching $12.66. Year-to-date, shares have surged over 46%, underscoring growing investor confidence in its long-term vision.

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A Strategic Expansion by Kraken

Following its resolution with the SEC, Kraken is strategically moving to expand its offerings, focusing on derivatives and crypto futures. By acquiring NinjaTrader, Kraken will gain access to its Futures Commission Merchant (FCM) license, allowing the exchange to offer regulated derivatives products, particularly in the US market.

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Kraken’s strong financial standing—reportedly earning over $1.5 billion in revenue last year and doubling its profits—gives the company the leverage to execute this high-profile acquisition.

Opening Doors to New Markets!

NinjaTrader, founded in 2003, boasts over 1.8 million retail investors. The acquisition will enable NinjaTrader to expand into the UK and Australian markets, leveraging Kraken’s EMI license from the UK’s Financial Conduct Authority (FCA) to smoothen its entry.

Kraken already holds a MiFID license, allowing it to offer crypto derivatives to EU-based traders. Additionally, Kraken recently reintroduced crypto staking services for US clients, reflecting its broader expansion strategy.

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