Ripple becomes one of the first major firms to obtain MiCA authorization, positioning it for institutional adoption in Europe.
Ripple has received preliminary approval under the EU’s Markets in Crypto-Assets (MiCA) framework, meeting the July 1 deadline for compliance. The license allows Ripple to operate as a crypto asset service provider (CASP) in Europe, a region seeing accelerated institutional demand for digital assets under the new rules.
The MiCA framework, effective this month, sets uniform regulatory standards for crypto firms in the EU. Competitors like Binance remain unapproved, with reports suggesting Greek regulators may reject its application. Ripple holds over 75 global licenses, including a UK Financial Conduct Authority approval secured in January 2026.
EUR-denominated trading accounts for just 1% of Binance’s spot volume, per CryptoQuant, highlighting regional fragmentation in crypto markets.