Perpetuals.com Ltd. (NASDAQ: PDC) has taken a significant step in expanding its regulated digital asset offerings across the European Union. The company announced that its subsidiary, Perpetual Markets MTF, has received approval from the Cyprus Securities and Exchange Commission (CySEC) to provide crypto-asset services under the European Union's Markets in Crypto-Assets Regulation (MiCA). This authorization allows the firm to operate a crypto-asset trading platform offering custody and administration, order execution, order reception and transmission, and crypto-asset transfer services.
The approval builds on Perpetuals' existing MiFID II-regulated multilateral trading facility (MTF) and enables the company to offer these services across all EU member states through the MiCA cross-border notification framework. This positions Perpetuals to provide brokers and institutions with white-label access to regulated European crypto services through its infrastructure, a move that could significantly broaden its market reach.
According to the company, the MiCA authorization is a key milestone in its strategy to reduce risk and empower retail users with intuitive, secure, and efficient trading experiences across multiple asset classes. Perpetuals' proprietary trading platform, Kronos X, combines advanced AI and data analysis, trained on billions of trades, monitors market activity in real time, identifies patterns for trading and risk decisions, and provides multi-asset coverage with self-clearing blockchain-based settlement.
This development is particularly important as it aligns with the EU's efforts to create a harmonized regulatory framework for crypto assets. MiCA, which came into force in 2023, aims to provide legal certainty for crypto-asset issuers and service providers, while protecting investors and ensuring market integrity. By obtaining this authorization, Perpetuals is well-positioned to capitalize on the growing demand for regulated crypto services in Europe.
The company's licensed European MTF infrastructure and Kronos X multi-asset exchange platform operate with full MiFID II, MiCA, DORA, and EMIR compliance. This ensures that Perpetuals can offer its services with the highest standards of regulatory compliance, which is crucial for attracting institutional clients.
Perpetuals.com Ltd. is a fintech company developing AI-powered trading products and prediction markets, with a global footprint across the United States, Europe, and Asia. Its mission is to reduce risk by empowering retail users with intuitive, secure, and efficient trading experiences across multiple asset classes.
The approval from CySEC is a testament to Perpetuals' commitment to regulatory compliance and its ambition to be a leader in the regulated crypto space. As the EU continues to implement MiCA, this move could set a precedent for other companies looking to offer crypto services in the region. For more information on the full press release, visit https://ccw.fm/dCOBE.
For the latest news and updates on Perpetuals, visit the company's newsroom at https://cnw.fm/PDC.
