KuCoin EU is applying for a MiCAR license in Austria to expand its compliant crypto operations across the EEA, reinforcing trust and transparency.
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| KuCoin announces its European hub in Vienna, applying for a MiCAR license to ensure regulatory compliance and secure crypto services in the EU. Image: KuCoin |
Vienna, Austria — February 21, 2025:
KuCoin, a leading global cryptocurrency exchange, has announced that its European subsidiary, KuCoin EU Exchange GmbH, is in the process of applying for a MiCAR (Markets in Crypto-Assets Regulation) license in Austria. This move reinforces KuCoin’s commitment to regulatory compliance and expansion within the European Economic Area (EEA).
The MiCAR license will enable KuCoin EU to legally operate in all 30 EU and EEA member states, ensuring that its crypto products and services adhere to a structured regulatory framework. KuCoin’s strategic decision aligns with its vision of promoting transparency, trust, and accountability in digital asset services while providing a secure and compliant trading platform for its users.
KuCoin EU has selected Vienna, Austria, as its European headquarters, leveraging the city’s stable regulatory environment, timely implementation of MiCAR regulations, and abundant talent pool. The company commended Austria’s efforts in fostering a transparent and efficient framework for crypto businesses while protecting investors and encouraging financial innovation.
BC Wong, CEO of KuCoin, emphasized the significance of this development, stating,“As a leading global crypto exchange, compliance and user experience are our top priorities. Establishing our EU hub in Vienna and applying for the MiCAR license marks a crucial milestone in our global regulatory strategy. Once licensed, we will officially enter the EEA market, offering users secure and localized crypto services.”
To support its European expansion, KuCoin EU has appointed industry veterans Oliver Stauber and Christian Niedermüller as Managing Directors. Stauber, formerly with Bitpanda, and Niedermüller, an experienced digital asset executive, bring extensive expertise in financial regulations and crypto exchange management. Their leadership will play a crucial role in ensuring compliance and operational success within the evolving European regulatory landscape.
“I am thrilled to take on this role at KuCoin EU, where we will set a new standard for regulatory-compliant crypto services in Europe,” said Stauber. “Our goal is to establish KuCoin EU as the region’s premier digital asset provider.”
Niedermüller added, “Having been a KuCoin customer since 2017, I’m excited to contribute to its growth in Europe. Our focus will be on building a strong local team and significantly increasing brand awareness in the coming years.”
Upon securing the MiCAR license, KuCoin EU will be well-positioned to offer European users access to a broad range of digital assets while ensuring compliance with EU regulations. The company aims to drive blockchain adoption and strengthen Europe’s standing in the global crypto ecosystem.
Currently, KuCoin EU does not provide services in the EU/EEA and will only commence operations upon obtaining the necessary regulatory approval.
Founded in 2017, KuCoin has established itself as a premier global crypto platform, serving over 39 million users worldwide. Recognized by Forbes as one of the “Best Crypto Apps & Exchanges” and listed among the “Top 50 Global Unicorns” by Hurun in 2024, KuCoin remains committed to advancing the digital economy through cutting-edge blockchain technology and innovative financial solutions.