Golden Finance reports that, according to Cryptonews, the German financial regulator BaFin has granted a full Markets in Crypto-Assets Regulation (MiCA) license to Trade Republic, one of Europe's largest financial technology companies. This license allows the German company to provide crypto asset custody services to its 4 million users across 17 markets and to operate in all 30 countries of the European Economic Area. Data shows that there are currently 25 crypto asset service providers (CASP) in the EU that have obtained MiCA licenses, of which 9 (36%) have been issued by the German regulator BaFin. It is worth noting that all crypto asset service providers must obtain a MiCA license by mid-2025; otherwise, they will be unable to conduct cross-border business in the EU.