Information Technology
Acheron Trading Becomes First Dedicated Crypto Market Maker to Secure CASP License under MiCA in the EU
Since 30 December 2024 , when MiCA came into effect, only a few crypto companies have been granted a CASP license by the AFM, and no dedicated market maker has obtained a CASP license under the new regime from any European regulating authority – until today. Given the critical role market makers play in token price discovery and the crypto asset markets' very existence, the importance of their licensing for Europe -based projects cannot be overstated.
said Laurent Benayoun , CEO of Acheron Trading.
Today's milestone, a first for the industry, once again reflects Acheron Trading's status as an industry pioneer. Since its inception, Acheron's mission has been to provide liquidity for the benefit of all market participants - issuers, their investors, and community - while addressing both unfair practices and reputational concerns in market making by promoting transparency and setting high standards for integrity.
" said Wesley Pryor , founder of Acheron Trading.
Acheron's CASP license approval comes less than a year after the firm announced the appointment of its new Chief Legal Officer, Daniel Lo , who was instrumental in the success of the licensing process.
" added Daniel Lo .
Acheron Trading is actively pursuing licenses in other jurisdictions in accordance with the global efforts for greater regulation in the crypto space. Follow the firm on X and LinkedIn for regular company updates.
Acheron Trading is a crypto market maker with a seven-year track record, historically trusted by more than 400 issuers to bring their asset to market, propelling innovation within the digital asset ecosystem. Acheron works in close partnership with issuers to promote transparency in the industry through fair commercial relationships, real-time liquidity reporting, and the dissemination of educational resources.
The trading firm is driven by experts in mathematics, computer science, economics, risk management, legal and regulatory matters, bringing extensive experience gained at Goldman Sachs, PwC, UBS, and Macquarie Group, as well as numerous successful entrepreneurial ventures. Embodying institutional excellence, the leadership team is also actively involved with prestigious universities such as Princeton and Cornell . For more information, visit acherontrading.com.
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