Hassan Maishera
The MiCA license is the formal authorization required under the European Union's (EU) Markets in Crypto-Assets Regulation, which allows crypto-asset service providers (CASPs) to operate legally across all 27 EU member states.
The license shows the legitimacy of a cryptocurrency trading platform and Byrrgis has obtained one.
Byrrgis Secures the MiCA License
Hybrid crypto hub Byrrgis announced on Monday, December 15th, that it has secured an EU license (MiCA), enabling it to operate as a fully regulated financial platform upon launch.
Furthermore, the platform has launched its waitlist, allowing users to sign up in order to secure early access to the multi-functional crypto platform.
In a press release shared with Cryptowisser, Byrrgis added that it obtained the license after completing the rigorous application process required to operate a compliant Web3 financial service.
The trading platform also seeks to attain CASP level 3 certification, the gold standard for blockchain businesses operating within the European Union.
Byrrgis is set to go live on January 15 and will operate as a universal trading platform that incorporates the best elements of CEX and DEX architecture. The platform’s hybrid design enables users to create custom packs of crypto assets, supporting portfolio diversification and eliminating friction by automating the rebalancing process.
This latest development, as Byrrgis has reported significant community demand for its all-in-one trading platform, with a high number of users having already signed up to its waitlist.
Furthermore, waitlist members may be eligible for other future bonuses, the team added. As a fully regulated platform, Byrrgis will be able to offer users a full range of trading features, including advanced charting and tools for setting automated orders such as stop-loss and take-profit.
To ensure transparency, Byrrgis added that all assets available on its platform will be subjected to full audits, enabling users to safely trade a wide range of tokens and to incorporate them into a bespoke portfolio.
While commenting on this latest milestone, Siraaj Ahmed, CEO of Byrrgis, said,
“We’re delighted to have secured an EU license, which attests to the level of due diligence undertaken to ensure that Byrrgis is capable of realizing its full potential. We aim to lead by example, demonstrating that it’s possible for users to enjoy compliant access to onchain finance while retaining the freedom to trade the assets and bundles of their choosing. With the Byrrgis waitlist now open, we look forward to welcoming crypto users seeking a better way to reap the rewards that crypto has to offer.”
Byrrgis is the crypto hub that combines transparency with automation and professional-grade tools. Built as the utility platform behind the $WOLF token, Byrrgis gives traders a fortress-like environment where they can effortlessly invest across chains. Its advanced tools help users efficiently deploy capital by automatically reallocating funds to the strongest positions.
