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244 CASPs Licensed, Gate Europe Dual-Approved as MiCA Deadline Passes
Gate Europe secures CASP and payment licenses as MiCA deadline leaves Binance and others unlicensed. What the new regime means for crypto traders and platforms.
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The July 1 MiCA compliance deadline has come and gone. Gate Europe is one of the platforms that can stay in the EU. Binance is not.
ESMA's transitional register now lists 244 authorized crypto-asset service providers across the EU and EEA. Gate Europe holds two licenses under MiCA: a CASP (crypto-asset service provider) authorization and a payment institution license. The dual credential covers both crypto trading and payment processing under one regulatory roof.
MiCA replaced the patchwork of national rules with a single set of requirements. Platforms wanting to serve EU clients must get authorization, separate client assets, follow market conduct rules, and maintain grievance procedures. The regime also sets standards for custody, disclosure, and conflict management.
Gate Europe started its European regulatory groundwork in 2018, years before MiCA was finalised. The company built compliance systems through successive registrations and ongoing dialogue with national regulators. That preparation paid off when the deadline hit.