KuCoin has obtained a Markets in Crypto-Assets (MiCA) license in Austria through its European subsidiary, KuCoin EU Exchange GmbH, allowing the exchange to offer compliant digital asset services across 29 European Economic Area countries, the company announced. The authorization aligns KuCoin with the European Union's comprehensive regulatory framework for crypto assets, which took full effect in December 2024.
"Securing the MiCA license with our local entity in Austria is a defining milestone in KuCoin's long-term trust and compliance strategy," said BC Wong, KuCoin's CEO. "Europe's MiCA framework represents one of the highest regulatory standards worldwide, and we are proud to meet this benchmark."
The license enables KuCoin EU to provide trading, custody, and other services under MiCA's requirements, including capital adequacy standards, segregation of customer assets, and disclosure obligations. This approval follows KuCoin's recent registration as a Digital Currency Exchange with Australia's AUSTRAC in November and is part of its $2 billion Trust Project to expand regulatory footprint and security.
KuCoin has implemented security certifications such as SOC 2 Type II, ISO 27001:2022, ISO 27701, and the Cryptocurrency Security Standard, along with third-party proof-of-reserves audits. "Compliance is not simply a regulatory obligation – it is the foundation of our long-term mission to deliver secure, innovative, and accessible digital asset services to users worldwide," Wong added.
With this license, KuCoin EU joins other major exchanges like Coinbase, Kraken, and Bitstamp in securing MiCA authorization, enabling passporting of services across the EEA under the regulation's unified framework.
