PANews reported on May 19 that according to Cryptonews, the German financial regulator BaFin has issued a full Crypto Asset Market (MiCA) license to Trade Republic, a large European fintech company. The license enables Trade Republic to provide crypto asset custody services to its 4 million customers in 17 markets, execute or transmit customer orders, provide transfer services, and conduct almost all crypto business in 30 European Economic Area (EEA) countries. Germany is a leader in the European crypto field and has granted MiCA licenses to 9 crypto asset service providers, accounting for 36% of the first 25 licenses in the EU. Since European registered crypto companies that have not obtained a license may lose their qualifications by mid-2025, many companies in the industry are accelerating their applications.