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- XTB secures a Cyprus authorisation for spot crypto trading
XTB investment app today announced that it has obtained regulatory approval in Cyprus to provide spot cryptocurrency trading services in accordance with the EU Markets in Crypto-Assets Regulation (MiCA). This regulatory authorization marks a significant milestone in creating the universal investment app, allowing clients to put their money to work by investing in diversified assets.
The authorisation allows XTB to provide spot trading in crypto-assets through its Cyprus-based entity operating under the supervision
of the Cyprus Securities and Exchange Commission (CySEC) as a regulated Crypto-Asset Service Provider. XTB activities will be conducted in line with MiCA requirements. Under the Cyprus authorisation, clients may access spot cryptocurrency trading via the XTB investment app.
This step will allow us not only to enhance our offering but also fully test this new feature before the planned rollout to other jurisdictions, once the relevant regulatory approvals are secured.