Perpetuals.com Ltd. (NASDAQ: PDC) 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 Perpetuals to operate a crypto-asset trading platform, offering custody and administration, order execution, order reception and transmission, and crypto-asset transfer services across the EU.
The approval builds on Perpetuals' existing MiFID II-regulated multilateral trading facility (MTF) and provides a pathway to offer these services throughout the EU using 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. The company's proprietary trading platform, Kronos X, combines advanced AI and data analysis, trained on billions of trades, to monitor market activity in real time and identify patterns for trading and risk decisions. It offers multi-asset coverage with self-clearing blockchain-based settlement.
This development is significant because it marks a strategic expansion for Perpetuals into the European crypto market, leveraging the regulatory clarity provided by MiCA. By obtaining this authorization, Perpetuals can now offer a broader range of services to its clients, potentially increasing its market share and revenue streams. The move also aligns with the growing demand for regulated crypto services in Europe, as institutional investors seek compliant platforms.
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 company's licensed European MTF infrastructure and Kronos X platform operate with full MiFID II, MiCA, DORA, and EMIR compliance.
The approval from CySEC is a testament to Perpetuals' commitment to regulatory compliance and its ability to navigate complex regulatory frameworks. It also highlights the company's readiness to capitalize on the growing crypto market in Europe, which is expected to see increased institutional adoption as regulations become clearer.
For more information, visit the full press release at https://ccw.fm/dCOBE.
