The obtained licenses will allow the company to engage in trading digital assets, conduct financial operations, and provide services for storing cryptocurrency assets in Germany. Thanks to the approvals from the regulator, Crypto Finance is ready to provide legal services to institutional clients and legal entities.

Crypto Finance has received approval from the German regulator in the context of Deutsche Börse's plans to launch its own DBDX exchange, targeting institutional investors. The launch is planned for this year. Thanks to the BaFin license, according to Crypto Finance, the company has brought its activities in line with the Markets in Crypto-Assets Regulation (MiCA) in the European Union.

Crypto Finance's activities are also regulated by the Swiss Financial Market Supervisory Authority (FINMA). In 2021, Deutsche Börse acquired a controlling stake in the Swiss-based Crypto Finance Group. By that time, this service provider was already promoting its products on the SIX exchange in Switzerland, launching the first cryptocurrency investment fund.

Last year, BaFin rejected an application for licensing submitted by the world's largest cryptocurrency exchange Binance, due to possible violation of the regulator's requirements. Later, BaFin's Director of Strategic Development, Rupert Schaefer, compared unregulated cryptocurrency exchanges to UFOs.