Perpetual Markets MTF Secures MiCA Authorization in Cyprus, Expanding Its Regulated European Trading Venue Into Crypto

• The authorization enables the operation of a regulated crypto-asset trading platform to provide clients with custody, trading, order execution, and transfer services
• Through MiCA’s cross-border framework, Perpetual Markets MTF can now offer these services to clients throughout the EU

SAN FRANCISCO--(BUSINESS WIRE)--

Perpetuals.com Ltd (Nasdaq: PDC) today announced that Perpetual Markets MTF (PM MTF LTD., Cyprus), which runs on Perpetuals' technology, has received approval from the Cyprus Securities and Exchange Commission (CySEC) to offer crypto-asset services under the European Union's Markets in Crypto-Assets Regulation (MiCA).

The authorization enables the operation of a trading platform for crypto-assets that can provide clients with crypto-asset custody and administration, order execution, order reception and transmission, and crypto-asset transfer services. It builds on Perpetuals’ existing MiFID II-regulated MTF platform, allowing Perpetuals to broaden the range of asset classes available through its regulated European venue while providing a route to offer these services to clients across the EU through MiCA’s cross-border notification framework.