CASP-facing services
Trading, custody, transfer and related services need a MiCA perimeter analysis.
EU Exchange Track for Spot, Perpetuals and Tokenized Market Products
MiCA + MiFID II
Authorisation
Service definition
A coordinated regulatory workstream for exchanges whose EU plan includes spot services alongside perpetuals, other derivatives or tokenized market products.
- Estimated timeline
- Approx. 6-9 months
- Indicative professional fee
- EUR 70,000-80,000
Direct engagement with the appointed professional service provider.
Digital asset scope
Spot markets
Perpetuals
Tokenized products
Trading venues
EU Exchange Track
An exchange product roadmap can create more than one regulatory question
Spot, perpetuals, stock-linked products and tokenized securities may sit in different legal categories. The first job is to separate the products before anyone promises a licence.
Derivatives exposure
A perpetual may raise MiFID II and product-intervention questions depending on its design and clients.
Reference-asset products
U.S. equities, China A-shares, indices and commodities can introduce market-data and benchmark dependencies.
Rights matter
A tokenized security is not the same thing as a price-tracking contract; customer rights and transfer rules need to be documented.
EU Exchange Track
The regulatory stack around an EU exchange
MiCA and MiFID II are starting points. The final workplan depends on the venue, product, client segment and post-trade model.
CASP services, custody, transfer and spot-market perimeter.
Investment services and financial-instrument analysis for qualifying products.
Trading-venue questions where the operating model resembles a multilateral or organised facility.
Derivatives, reporting, market transparency and market-abuse dependencies may need separate review.
Retail disclosures, product governance and distribution controls can affect the launch design.
Operational resilience, outsourcing, benchmarks and market-data rights belong in the implementation map.
This is a regulatory classification and coordination framework, not a promise that one authorisation covers every product. A-share-linked products may also require separate Chinese-law, market-data, benchmark and intellectual-property analysis.
Official and primary references
Use the regulator or primary record for current requirements
Sources reviewed
01 · Who this is for
For exchanges whose product roadmap has moved beyond spot trading
The hard question is often not whether MiCA matters, but whether the product also raises investment-services, venue, product-governance or market-infrastructure questions.
Spot exchanges
Operators assessing CASP services for EU clients.
Perpetual and derivatives teams
Teams designing crypto, equity-linked or other price-tracking products.
Tokenized-market builders
Businesses distinguishing tokenized securities from synthetic exposure.
Existing venues
Platforms mapping a wider EU regulatory stack before launch or expansion.
02 · Engagement scope
Separate paths, one exchange-level workplan
MiCA and MiFID II are not one combined licence. The appointed provider confirms which permissions, entity model and venue rules fit the actual product and operating design.
Product classification
Map spot, perpetual, CFD-like, tokenized and other products to the relevant legal analysis.
Entity and venue structure
Assess CASP, investment-firm, MTF, OTF or DLT-market-infrastructure questions.
Controls and disclosures
Coordinate governance, custody, market conduct, client protection and product documentation.
Data and post-trade work
Review benchmark, market-data, clearing, reporting and operational-resilience dependencies.
Regulatory dossier
Prepare the agreed application materials, meetings and responses within the provider scope.
Research for this service
Practical guides for decisions before formal engagement
European UnionMiCA or MiFID II: which path does an EU crypto exchange actually need?European UnionDo crypto perpetuals require MiFID II in the EU? Start with the contract, not the ticker.European UnionStock perpetuals in the EU: what permissions may a price-tracking exchange need?European UnionTokenized stocks versus stock perpetuals: what does the customer legally own?European UnionRWA perpetuals on stocks, indices and commodities: why the reference asset changes the workEuropean UnionCASP, investment firm, MTF or OTF: which EU exchange structure fits the activity?European UnionMiCA + MiFID II exchange authorisation: indicative cost, monthly billing and timelineEuropean UnionThe EU crypto exchange regulatory stack: what sits around MiCA and MiFID II?
Indicative professional fee
EUR 70,000-80,000
The indicative total professional fee is invoiced monthly during the active engagement. The monthly schedule is confirmed in the provider engagement.
Regulator, government, incorporation, translation, travel and third-party costs may be separate.
Typical project horizon
Approx. 6-9 months
An indicative planning horizon is approximately 6-9 months, subject to product scope, entity readiness and regulator response cycles.
Timing, authorization and commercial outcomes are not guaranteed.
03 · Project path
Direct engagement, with a visible route through the work
Crypto License Desk coordinates the introduction and project path. The appointed provider confirms identity, scope, terms and timetable before contracting directly with the client.
Initial discussion
A short Telegram or email conversation identifies the service category and target jurisdiction.
Scope review
An appropriate qualified professional reviews the operating model at a high level.
Direct engagement
The client receives provider identity, terms, timetable and scope before signing directly.
Dossier workstream
Documents, meetings and evidence are coordinated through defined workstreams.
Submission or completion
Regulatory submission, response or project completion proceeds where included in scope.
Client preparation
Start with categories, not confidential uploads
The public website does not request sensitive ownership, funding or regulatory-history documents. Sensitive materials go directly to the appointed provider through an appropriate secure channel.
01Corporate and ownership recordsSecure transfer
02Business model and service mapSecure transfer
03Governance and management materialsSecure transfer
04Compliance and operating policiesSecure transfer
05Technology and safeguarding evidenceSecure transfer
04 · Common questions
Before the first conversation
Does MiCA alone cover a crypto perpetual?
Not necessarily. Product design and activity analysis may raise MiFID II and other product-rule questions.
Is EUR 70,000-80,000 a monthly fee?
No. It is an indicative total professional-fee range, invoiced monthly during active work.
Does one authorisation cover every tokenized stock model?
No. Ownership, instrument classification, venue and data rights must be assessed for the actual model.
Can A-share-linked products be solved by EU permissions alone?
No. Chinese-law, market-data, benchmark and intellectual-property issues may require separate analysis.
Is approval guaranteed?
No. The relevant authority makes an independent decision.
Start a conversation
Begin with the jurisdiction and service category
No long form and no confidential upload. Contact the desk directly by Telegram or email.