"The regulation defines 10 categories of crypto-asset services, with 114 licenses for custody and administration, 105 for transfer services, and 90 for exchange operations. This distribution shows a significant focus on non-exchange services."
"Despite a market serving hundreds of millions of users, only 14 authorized venues exist for live trading, indicating a concentration of licenses in areas like custody and transfer rather than direct exchange operations."
The EU has issued 174 MiCA licenses, yet only 14 crypto exchanges are operational. This discrepancy raises questions about the business models adopted by crypto firms in Europe. The MiCA regulation defines 10 categories of crypto-asset services, with a significant number of licenses granted for custody, transfer services, and exchange operations. The data indicates that many licensed entities focus on services other than operating live trading platforms, highlighting a mismatch between expectations and actual market conditions.
Read at news.bitcoin.com
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