Bitcoin.de Trading Remains Suspended After MiCA License Rejection
Bitcoin.de's parent company futurum bank failed to secure a MiCA license from BaFin, leading to suspended trading operations.
- Bitcoin.de trading suspended after MiCA license rejection by BaFin.
- Futurum bank plans to partner with regulated entities for a restart.
- Bitcoin down 1.71% in 24 hours amid broader market decline.
- Bitcoin.de Trading Remains Suspended Amidst Regulatory Hurdles
- Bitcoin.de Trading Remains Suspended After MiCA License Rejection — this brief
Bitcoin.de, a major European cryptocurrency trading platform, has suspended its trading operations after its parent company, futurum bank, failed to secure a Markets in Crypto-Assets (MiCA) license from Germany's Federal Financial Supervisory Authority (BaFin). The rejection of the license application has prompted the platform to halt its services temporarily.
In response to the setback, futurum bank has announced plans to establish partnerships with regulated financial institutions to comply with MiCA regulations. This strategic move aims to facilitate a potential restart of operations under a more compliant framework. The company has not provided a specific timeline for when it expects to resume services.
The news comes as the broader cryptocurrency market experiences a downturn, with the total market cap currently at $2.93 trillion. Bitcoin, the leading cryptocurrency, is trading at $84,108, marking a 1.71% decrease in the past 24 hours, though it has gained 0.97% over the past week. The overall market sentiment, as indicated by the Fear & Greed Index, remains in 'Greed' territory at 71.
The suspension of Bitcoin.de's trading operations and the subsequent MiCA license rejection highlight the increasing regulatory scrutiny faced by cryptocurrency platforms in Europe. As regulatory frameworks like MiCA come into effect, companies are under pressure to adapt their operations to meet compliance requirements.
The outcome of Bitcoin.de's efforts to partner with regulated entities could set a precedent for other cryptocurrency platforms navigating the complex regulatory landscape. The ability to comply with MiCA regulations will likely be crucial for the long-term viability of crypto trading platforms in the European market.
At today's peer-to-peer rate, 1 BTC ≈ ₦115.16M (about $84,267.00), down 1.5% over 24 hours. The naira itself trades about 2.9% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitcoin — questions
How much is 1 Bitcoin worth in naira today?
About ₦115.16M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $84,267.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.19% since this brief first published — trading at $84,267.00 now versus $84,108.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.