Cronos (CRO) is eyeing a potential rally as Crypto.com, the company behind the token and Crypto.com exchange, secures another significant regulatory milestone.
With the Markets in Financial Instruments Directive (MiFID) licence secured, CRO looks poised to ride positive sentiment for a breakout.
While it’s not just Crypto.com’s regulatory traction that’s in focus, the expansion amid broader adoption could be massive for the Cronos token.
Crypto.com announced on May 21, 2025, that it had secured a MiFID licence.
The milestone comes after the company received approval from the Cyprus Securities and Exchange Commission (CySEC) to complete the acquisition of A.N. Allnew Investments Ltd.
Allnew, already licensed by CySEC, allows Crypto.com to provide investment and ancillary services related to a wide range of financial instruments, including securities, derivatives, and contracts for difference.
This licence enables Crypto.com to offer eligible users across the European Economic Area (EEA) a broader suite of financial products, marking a significant step in its expansion strategy.
Crypto.com’s previous achievement in the regulatory market was in January 2025, when it received its Markets in Crypto-Assets (MiCA) licence.
This enabled the platform to provide passport services across the EEA.
The MiFID licence further solidifies Crypto.com’s position as a regulated financial services provider in the region.
Kris Marszalek, co-founder and chief executive officer of Crypto.com, commented on this development.
“Securing a MiFID licence alongside our MiCA licence further solidifies Crypto.com’s position in offering the most comprehensive and regulated suite of financial products for users in the EEA,” Marszalek said.
“We have already expanded our brand presence in Europe since receiving our MiCA licence and we now look forward to providing customers across the region even more ways to engage with our platform through these new offerings.”
The MiFID licence adds to Crypto.com’s growing portfolio of global licences and registrations.
Recent notable steps include acquisitions such as Fintek Securities Pty Ltd., Charterprime Ltd, Orion Principals Limited, and SEC-registered broker-dealer Watchdog Capital, LLC.
Additionally, Crypto.com revealed its partnership with Canary Funds to establish the Canary CRO Trust, the first Private Investment Vehicle for CRO.
The product is aimed at investors across the United States, which is a move that aligns with the company’s 2025 Roadmap.
The developments, coupled with broader market sentiment, look likely to be a major catalyst for the Cronos token (CRO).
In the past three months, CRO price reached highs of $0.1, while it hit $0.22 in December 2024.
Currently, the token is showing bullish potential with the ascending triangle pattern.
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