B2C2 Secures Luxembourg MiCA CASP License, a First for OTC Crypto Liquidity Providers

B2C2 has received a Crypto-Asset Service Provider (CASP) license from Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), positioning the firm to offer regulated over-the-counter (OTC) spot crypto trading across the European Union under the Markets in Crypto-Assets (MiCA) regime. Announced by the company on Friday, the approval makes B2C2 the first global OTC liquidity provider to obtain a CASP license under MiCA. Using MiCA "passporting," B2C2 can operate from its Luxembourg base across all 27 EU member states as well as three European Economic Area (EEA) countries. B2C2 had already registered as a virtual asset service provider in Luxembourg in 2024. The company said the new authorization strengthens its regulated presence in Europe ahead of MiCA's transition-period deadline in July 2026. "Obtaining MiCA authorisation is a significant accomplishment for B2C2," CEO Thomas Restout said, adding that the license affirms the firm's regulatory, operational and governance standards and reinforces its focus on compliance. Key implications - Regulatory clarity: A MiCA CASP license allows B2C2 to operate under a single EU-wide framework instead of navigating multiple national regimes. - Broader market reach: The authorization should make it easier to serve institutional clients, market makers and exchanges across the bloc, with potential benefits for liquidity and execution in large trades. - Competitive edge: B2C2 joins a growing group of crypto firms seeking MiCA approvals as the industry adapts to tighter, harmonized EU supervision. MiCA licensing landscape The EU first proposed MiCA in 2020. The framework was adopted by the European Parliament in 2023 and became fully applicable to crypto firms in December 2024. A number of major firms have already obtained MiCA-related approvals. Coinbase received a Luxembourg license in June 2025 and named Luxembourg as its main European hub. Bitpanda said its MiCA license went live in March 2026 as it expanded multi-asset trading and white-label services. Kraken and other exchanges have also been pursuing licenses and passporting via different member states. With the July 2026 transition deadline approaching, more liquidity providers, exchanges and crypto infrastructure firms are expected to seek MiCA authorization as they reposition for a unified regulatory environment across Europe.