Just2Trade has turn into the most recent Cyprus-based CFD dealer to cross the MiCA threshold. Its crypto arm, J2TX, was registered with the Cyprus Securities and Alternate Fee (CySEC) on March 16, becoming a member of a small however rising membership of absolutely authorised gamers.
Singapore Summit: Meet the biggest APAC brokers you recognize (and people you continue to do not!)
The timing is not any accident. ESMA has set July 1, 2026, because the cutoff level for the grandfathering interval, the place companies like J2TX, which operated below earlier nationwide frameworks, needed to full the transition to MiCA.
The transition has proved exacting, significantly in Cyprus. In an earlier interview, George Theocharides, Chairman of CySEC, famous that early licensees similar to Revolut and eToro underwent “in depth scrutiny”.
Approval, he harassed, wouldn’t be rushed: candidates have been regularly required to make substantial modifications earlier than securing a licence.
Capability could also be a part of the story. The small Mediterranean island has been punching above its weight as a CFD and FX hub, so CySEC has needed to stretch its assets throughout a rising supervisory load, which now contains MiCA oversight.
Certainly, in January, Theocharides stated the watchdog was wanting so as to add round 30 workers in 2026.
The numbers are telling. ESMA lists ten MiCA licences for Cyprus, inserting the island sixth within the EU.
Germany tops the desk with 55, although the comparability is flattering: its regulator, BaFin, curtailed the transition interval to December 2025, and lots of of these licences are held by banks targeted on custody and administration moderately than buying and selling.
Converging Markets, Diverging Gamers?
The road between derivatives and crypto has been blurring for a while, opening up a potent new progress vector.
Brokers, as soon as confined to CFDs, are constructing crypto exchanges or plugging them in. Crypto exchanges, for his or her half, are heading the opposite means, snapping up MiFID licences.
However convergence has not meant convergence in tempo.
Whilst many brokers are nonetheless discovering their footing in crypto, others are already wanting past it. Robinhood was among the many first to identify the subsequent seam, embedding prediction markets – event-driven contracts – into its core app in 2025.
Robinhood Prediction Markets simply crossed 4 billion occasion contracts traded all-time, with over 2 billion in Q3 alone. And we’re simply getting began. pic.twitter.com/13LxjqWaNt
— Vlad Tenev (@vladtenev) September 29, 2025
Robinhood CEO Vlad Tenev hailed it because the fastest-growing enterprise line within the agency’s historical past, with the product line monitoring towards greater than a US$300 million run fee inside its first 12 months.
So, is transferring into crypto, with all of the tooling and strategic overhaul it entails, already yesterday’s drawback?
Just2Trade has turn into the most recent Cyprus-based CFD dealer to cross the MiCA threshold. Its crypto arm, J2TX, was registered with the Cyprus Securities and Alternate Fee (CySEC) on March 16, becoming a member of a small however rising membership of absolutely authorised gamers.
Singapore Summit: Meet the biggest APAC brokers you recognize (and people you continue to do not!)
The timing is not any accident. ESMA has set July 1, 2026, because the cutoff level for the grandfathering interval, the place companies like J2TX, which operated below earlier nationwide frameworks, needed to full the transition to MiCA.
The transition has proved exacting, significantly in Cyprus. In an earlier interview, George Theocharides, Chairman of CySEC, famous that early licensees similar to Revolut and eToro underwent “in depth scrutiny”.
Approval, he harassed, wouldn’t be rushed: candidates have been regularly required to make substantial modifications earlier than securing a licence.
Capability could also be a part of the story. The small Mediterranean island has been punching above its weight as a CFD and FX hub, so CySEC has needed to stretch its assets throughout a rising supervisory load, which now contains MiCA oversight.
Certainly, in January, Theocharides stated the watchdog was wanting so as to add round 30 workers in 2026.
The numbers are telling. ESMA lists ten MiCA licences for Cyprus, inserting the island sixth within the EU.
Germany tops the desk with 55, although the comparability is flattering: its regulator, BaFin, curtailed the transition interval to December 2025, and lots of of these licences are held by banks targeted on custody and administration moderately than buying and selling.
Converging Markets, Diverging Gamers?
The road between derivatives and crypto has been blurring for a while, opening up a potent new progress vector.
Brokers, as soon as confined to CFDs, are constructing crypto exchanges or plugging them in. Crypto exchanges, for his or her half, are heading the opposite means, snapping up MiFID licences.
However convergence has not meant convergence in tempo.
Whilst many brokers are nonetheless discovering their footing in crypto, others are already wanting past it. Robinhood was among the many first to identify the subsequent seam, embedding prediction markets – event-driven contracts – into its core app in 2025.
Robinhood Prediction Markets simply crossed 4 billion occasion contracts traded all-time, with over 2 billion in Q3 alone. And we’re simply getting began. pic.twitter.com/13LxjqWaNt
— Vlad Tenev (@vladtenev) September 29, 2025
Robinhood CEO Vlad Tenev hailed it because the fastest-growing enterprise line within the agency’s historical past, with the product line monitoring towards greater than a US$300 million run fee inside its first 12 months.
So, is transferring into crypto, with all of the tooling and strategic overhaul it entails, already yesterday’s drawback?
