Nexo Confirms Uninterrupted EEA Service Hours Before MiCA's Deadline
Nexo emailed EEA clients confirming continuous service through a strengthened structure with licensed partners Tangany and DLT Finance, hours before MiCA's deadline.
The Bright Recap
Nexo confirmed its service continues without interruption for EEA clients. Custody runs through Tangany, which holds its own MiCA licence and a separate BaFin PSD2 licence for e-money tokens. Trading and futures run through DLT Finance, a MiFID-licensed entity.
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Bright Answers
Does Nexo have its own MiCA licence?
Nexo's 30 June email does not state that Nexo holds a CASP licence in its own name. It states that custody and trading functions are carried out by Tangany and DLT Finance, two partners that already hold their own MiCA and MiFID licences.
Do EEA clients need to do anything before 1 July 2026?
No. Nexo states that existing EEA clients will be transitioned to the new structure in phases and that no action is required on their part.
Nexo told its EEA clients on June 30, 2026 that nothing changes for them when MiCA's transitional period closes tomorrow. The email, sent hours before the July 1 deadline, describes a strengthened EEA operating structure built around two named regulated partners, Tangany for custody and DLT Finance for trading and futures, and states that all products and services continue without interruption while the company finalises its infrastructure.
The timing follows Nexo's June 3 announcement of a MiCA-compliant structure under German regulatory oversight, the move The Bright Minded covered as the platform choosing BaFin, one of the toughest supervisory regimes in the EU. Today's message adds detail that announcement did not include. Custody and asset safeguarding sit with Tangany, a BaFin-regulated custodian that holds its own MiCA crypto-asset service provider licence and a separate PSD2 payment services licence for e-money tokens. Trading and futures sit with DLT Finance, a MiFID-licensed entity. Existing EEA clients will move to this structure in phases, and Nexo says no action is required on their part.
Nexo separately filed a MiCA application with Bulgaria's Financial Supervisory Commission in February 2026, alongside the German filing. Today's email does not state that Nexo itself has received a CASP licence in its own name. It states that the functions requiring one, custody, trading, futures, are being carried out by partners who already hold one.
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Roughly 80% of crypto platforms that operated under national registrations before MiCA still lack full authorisation, and ESMA confirmed in April that continued operation without one after July 1 breaches EU law. Against that backdrop, Nexo's message is a claim that the parts of the business legally required to cross it already have, even if the brand has not, and for the client opening the app tomorrow morning, the difference will not be visible at all.
Editor's note
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