Broker Trade Republic to Provide Crypto Services in Germany

Brokerage company Trade Republic has received a license from the German Federal Financial Supervisory Authority (BaFin) to provide crypto services to residents of the country.

This marks a major step towards the implementation of the EU MiCA, which came into full effect at the end of December 2024. Once licensed, the broker can hold cryptocurrencies on behalf of clients, execute orders and trade digital assets, and transfer crypto assets for users. These capabilities will be available across 30 countries in the European Economic Area (EEA), making Trade Republic one of the first traditional fintech platforms to be officially integrated into the MiCA framework.

It is important to note, however, that the broker will not be directly involved in spot trading, but will rely on trading platforms and market makers to execute trades on behalf of clients. Although MiCA came into force at the end of 2024, the number of companies that have received licenses is still small - only 25.

Trade Republic has taken advantage of a transition period in which companies can provide crypto services while regulators review their applications. This period will last until early July 2026, or longer if decisions have not yet been made.