The transition deadline under the EU's MiCA framework expires on 30 June 2026. This guide provides a running overview of crypto exchanges and service providers across the Nordics and Baltics — who is approved and who is still awaiting a decision.
Markets in Crypto-Assets (MiCA) is the EU's new unified regulatory framework for crypto services, replacing a patchwork of national licensing regimes. From 30 June 2026, all companies offering crypto exchanges, custody or other digital asset services in the EU and EEA must hold formal authorisation as a Crypto-Asset Service Provider (CASP) — with no exceptions. Operators without a licence by the deadline risk losing the right to operate across the entire single market. The Nordics and Baltics are among the highest-density regions for crypto operators in Europe, and the outcome of the licensing rounds will shape market structure for years to come.
MiCA Status: Approved (First Norwegian crypto broker with a full CASP license under Art. 63, May 2026).
Made crypto history by becoming the very first pure crypto broker and trading platform in Norway to successfully complete the extensive application process with the Norwegian FSA (Finanstilsynet). Their license is fully approved under the new pan-European regulatory framework, greenlighting them to expand operations and provide their institutional and professional services across Europe. The comprehensive license covers full digital asset exchange, trading, as well as custody and administration of crypto assets on behalf of clients.
Relevant Information: TÝR Markets blir første norske kryptomegler med MiCA-godkjenning
MiCA Status: Approved (Authorized by the Norwegian FSA, May 2026).
The largest crypto exchange in the Nordics, with over 400,000 users, has been granted its MiCA license by the Norwegian FSA (Finanstilsynet). Firi becomes one of the very first crypto exchanges in the Nordic region to achieve full regulatory approval under the EU's new framework, greenlighting them to offer crypto asset services across all EU/EEA countries.
With the license secured, Firi is launching its expansion into Sweden, marking its third Nordic market after Norway and Denmark. The company has also held an e-money license since 2024 for stablecoin operations.
Relevant Information: Firi på vei inn i Sverige med mål om å bli nummer én
MiCA Status: Application Pending
The Oslo-based digital assets brokerage has its application pending with the Norwegian FSA. The company operates heavily toward the institutional EMEA market and recently reported strong trading growth despite a challenging market environment. They are gearing up for massive institutional expansion as soon as the license is formally secured.
Relevant Information: K33 revenue up 73% QoQ, crypto-backed lending launched and MiCA-readiness achieved
MiCA Status: Application Pending
The Bjørn Kjos-founded and publicly listed platform has submitted its formal CASP application to the Norwegian regulator. Over the past year, NBX has strengthened its position as a regulated infrastructure player in Europe, notably through an e-money license (EMI) and a recent approval as a custodian for crypto products on the SIX Swiss Exchange, running parallel to the MiCA process.
Relevant Information: NBX godkjent som kryptoforvalter på sveitsiske SIX
MiCA Status: Application Pending
Has formally submitted its application to the FSA and is among the key Norwegian crypto exchanges currently awaiting clarification before the transition period expires.
Relevant Information: Bare Bitcoin
MiCA Status: Not Yet Submitted (Planning submission under extended deadline)
The company has not yet submitted its application. They have informed Kaupr that they intend to utilize the extended transition period and plan to file their application within the prolonged deadline.
Relevant Information: JuJu
MiCA Status: Approved via notification under Art. 60 (Existing Investment Firm)
Since the company was already licensed as a traditional investment firm, they are not a pure CASP. Instead, they utilized a simplified notification process (Art. 60) with the Norwegian FSA. This grants them authorization for portfolio management, as well as the reception and transmission of orders for crypto-assets.
Relevant Information: AK Jensen først ute med MiCA-tillatelse i Norge – mens norske kryptobørser fortsatt venter
MiCA Status: Approved Issuer of Asset-Referenced Tokens (ART) under MiCA Title III (Art. 16)
Operates with a specific status as an approved issuer of Asset-Referenced Tokens, rather than a traditional CASP license. The company (acquired by NBX in 2024) is behind the Greenland Reserve Coin (GNRC) – a commodity-backed stablecoin (RWA) offering digital exposure to physical and audited Greenlandic gemstones.
Relevant Information: The Mint AS lanserer Europas første MiCA-registrerte eiendelsrefererte token
MiCA Status: Approved
Became the first Swedish crypto company to break through the regulatory barrier and secure a full, official CASP license in Sweden. This extensive authorization allows Safello to offer trading, brokerage, and full custody of digital assets across the entire EU/EEA region via passporting.
Relevant Information: Safello vil bli institusjonenes førstevalg for krypto i det svenske finansmarkedet
MiCA Status: Application Pending
The company is a subsidiary of the Swedish-listed GreenMerc group. Although its sister company Northcrypto has already secured its MiCA license in Finland, Trijo operates as a separate legal entity in Sweden. Consequently, they must go through a separate approval process and are currently awaiting their final CASP license from the Swedish Financial Supervisory Authority (Finansinspektionen).
Relevant Information: GreenMerc’s subsidiary is granted authorisation under MiCA
MiCA Status: Application Pending
One of the oldest surviving crypto services in the Nordics (BTCX) has had its application under review since autumn 2025. They have notably distinguished themselves by implementing the new ESG sustainability requirements under MiCA and are gearing up for Nordic expansion.
Relevant Information: Goobit og BTCX byr opp til nordisk krypto-dans direkte på Kaupr-TV
MiCA Status: Approved (Granted December 2025).
Digital prime brokerage GCEX has its origins and main hub in London. The company secured a full MiCA license from the Danish FSA (Finanstilsynet), enabling them to offer regulated access to crypto and digital asset products to their institutional and professional clients throughout the EU/EEA.
Relevant Information: GCEX Secures MiCA Licence in Denmark as EU Crypto Regulation Takes Shape
MiCA Status: Approved
Has emerged as one of the first native Danish platforms to secure a national CASP license. The approval allows them to roll out regulated trading and custody services seamlessly integrated with Danish Kroner (DKK) for the local market segment.
Relevant Information: Danske Penning får MiCA-lisens for handel og forvaltning av krypto
MiCA Status: Approved (Authorized by the Danish FSA, April 2026).
Danish digital asset provider Northstake has been granted its CASP (Crypto-Asset Service Provider) authorization under the EU's MiCA regulation. This approval makes the Copenhagen-based company one of the first in the EU legally cleared to offer regulated crypto staking services to institutional clients, asset managers, and exchange-traded funds (ETFs) across the entire European single market.
Founded in 2021, Northstake specializes in developing regulatory-compliant staking infrastructure for Ethereum and other Proof-of-Stake networks, ensuring full operational control over validator nodes and flow of funds.
Relevant Information: Northstake får MiCA-lisens: Dansk kryptoleverandør godkjent for regulert staking i EU
MiCA Status: Approved (First Nordic bank with a MiCA license).
Making Nordic banking history by becoming the very first traditional bank in the region to secure a formal MiCA license. This gives the challenger bank a massive head start, as they can now offer fully integrated and regulated crypto services directly within their banking app to Scandinavian customers under the new pan-European framework.
Relevant Information: Lunar blir første nordiske bank med MiCA-lisens
MiCA Status: Approved (First in Finland – June 2025).
Made Finnish crypto history in June 2025 by becoming the very first company in Finland to be granted a full, MiCA-compliant operating license by the Financial Supervisory Authority (FIN-FSA).
Relevant Information: Finske Coinmotion vil gjøre regulert krypto mainstream i Sverige
MiCA Status: Approved (Granted September 15, 2025).
Secured its MiCA CASP license from FIN-FSA in mid-September 2025. This approval makes them the very first MiCA-regulated operator in Europe to offer DeFi-generated yield through active portfolio management.
Relevant Information: Tesseract Investment is proud to announce that we have received our MiCA license from the FIN-FSA
MiCA Status: Approved (Granted November 25, 2025).
The Finnish regulator granted Northcrypto (owned by GreenMerc, similar to Sweden's Trijo) its MiCA license in late November 2025. The authorization covers custody, administration, and execution services, and an expansion for trading services has been applied for.
Relevant Information: GreenMerc’s subsidiary is granted authorisation under MiCA
MiCA Status: Approved
Has secured a formal CASP license from FIN-FSA for its crypto platform (Kvarn X) and is among the first to utilize passporting rights for cross-border operations (including authorization in France).
Relevant Information: Kvarn Capital Oy innvilget CASP-lisens av det finske finanstilsynet
MiCA Status: Approved
The company behind Finland's nationwide network of physical Bitcoin ATMs operates as an authorized crypto asset service provider under the new regulatory regime.
Relevant Information: Bittimaatti
MiCA Status: No approved CASPs to date
The Icelandic regulator (Seðlabanki Íslands) has not yet authorized any pure Crypto-Asset Service Providers (CASPs) under the new European framework. However, the country houses one of Europe's most prominent pioneers in stablecoins and digital currencies: Monerium. The company is a licensed Electronic Money Institution (EMI) and stands as a prime example of an authorized issuer of e-money tokens (EMT) under MiCA (notably with its euro stablecoin, EURe).
Relevant Information: Monerium
Kaupr will compile a separate overview at a later stage specifically covering this category of players and token issuers (EMT/ART) in the region.
MiCA Status: Approved (Granted May 29, 2025).
US giant Robinhood selected Lithuania as its European regulatory base for crypto operations. The central bank issued the license covering crypto custody, order transmission, and execution services, providing them with a massive launchpad into the entire EU market.
MiCA Status: Approved (Granted December 16, 2025).
Well-known crypto payment gateway Coingate has officially migrated to the full MiCA framework under Lithuanian supervision. The license ensures continued operations for their extensive European services in custody, exchange, and fund transfers.
Relevant Information: MiCA License Granted
MiCA Status: Approved (Granted February 26, 2026).
Secured its approval in early 2026 from the Bank of Lithuania. The authorization is broad-based, covering custody, exchange, as well as order reception and transmission.
Relevant Information: 🚀 Big News: UAB “Micar assets” Officially Licensed Under MiCA!
MiCA Status: Approved
Crypto and fiat on-ramp specialist Simplex was acquired by Canadian fintech giant Nuvei in 2021 and currently brands and markets itself as "Simplex by Nuvei." The company has successfully completed its regulatory upgrade with the Bank of Lithuania to operate in full compliance with pan-European MiCA requirements for liquidity, payment, and exchange services.
Relevant Information: Simplex
MiCA Status: Application / Approval Pending
Global financial fintech Revolut uses its Lithuanian licensing architecture and the Bank of Lithuania as its primary regulatory doorway into the European single market. Since the firm serves a huge, fast-growing base of active crypto users scattered across both the Nordic and Baltic territories, their underlying MiCA licensing strategy handled here remains critically definitive for the regional ecosystem.
Relevant Information: Revolut
MiCA Status: Approved (Granted May 2026)
Latvijas Banka has issued a full CASP license to Nexdesk SIA for order execution, trading on own account, and crypto custody.
Relevant Information: Latvijas Banka is issuing a licence to Nexdesk SIA for the provision of crypto-asset services
MiCA Status: Approved (Granted May 2026)
Granted a comprehensive CASP license for portfolio management, exchange, transfer services, and custody.
Relevant Information: Latvijas Banka grants MiCA licence to Neverless SIA
MiCA Status: Approved + PSD2 Licensed (Dual-authorization, May 2026)
Awarded a rare dual authorization (MiCA CASP + PSD2 PI) by the central bank, allowing them to link crypto and stablecoins directly to regulated payment accounts.
Relevant Information: Celebrate our new MiCA and PSD licenses with 50% off fees for your trades
MiCA Status: Approved
Made history as the very first operator in Latvia to be granted a full MiCA license by the central bank. The approval covers crypto custody, exchange, and transfer services.
Relevant Information: BlockBen makes history as the first MiCA-licensed company in Latvia and one of the first in our region
MiCA Status: No licenses approved to date (Re-licensing wave ongoing)
Despite Estonia historically holding a very high number of registered VASP operators, the Estonian Financial Supervision Authority (Finantsinspektsioon) has not issued a single formal MiCA license to date. An extensive and rigorous review process is underway to clean up the market, requiring existing firms to undergo a complete transition to the new European CASP framework before the deadline.
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