Legend Trading Secures Central Bank of Ireland VASP Approval, Expands European Footprint

November 25, 2024 – Legend Trading, a global leader in institutional crypto trading, is proud to announce that its subsidiary, Legend Financial Ireland Limited, has officially been approved as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. This key development marks a significant milestone in the company’s European expansion strategy and solidifies Legend Trading’s position as a trailblazer in the regulated digital asset space.

Ireland has rapidly emerged as a premier destination for virtual asset businesses, thanks to its favorable regulatory framework and proactive stance on digital assets, payments, and fintech. The country’s growing reputation as a crypto-friendly hub has already attracted major players like Coinbase and Ripple. Legend Trading’s strategic decision to establish its European headquarters in Ireland underscores its long-term commitment to operating within robust regulatory environments while offering secure, compliant digital asset services across the European Economic Area (EEA).

Next Steps: MiCA Authorization and Continued Expansion

Following this registration, Legend Trading is actively seeking approval as a Crypto Asset Service Provider (CASP) under the upcoming Markets in Crypto Assets Regulation (MiCA). VASPs already registered in Ireland before December 30, 2024, are granted transitional provisions allowing them to continue operations while they apply for full CASP authorization in accordance with MiCA’s new regulatory framework.

Hao Chen, CEO of Legend Trading, remarked, “Receiving the Central Bank of Ireland’s approval is a critical achievement for us and marks an exciting phase of growth in the European market. Ireland’s progressive regulatory landscape and its central role within the EEA make it the ideal location for our European operations. As we move toward obtaining CASP authorization under MiCA, we look forward to further enhancing our product offerings and contributing to the continued evolution of the digital asset ecosystem.”

Expanding Global Leadership in Crypto Services

This VASP approval is another step forward in Legend Trading's ongoing mission to provide institutional-grade crypto services across the globe. The company has been serving nearly 1,000 institutions worldwide, offering deep liquidity, competitive pricing, and comprehensive over-the-counter (OTC) solutions across major digital assets.

A key innovation in the company’s portfolio is Legend Pay, its cutting-edge fiat-to-crypto gateway. Legend Pay has been integrated by some of the most prominent crypto exchanges and wallets, including MetaMask, Deribit, KuCoin, and Cobo, making it easier for millions of users to seamlessly convert between fiat and cryptocurrencies.

In a significant partnership with Circle, the global fintech leader and issuer of USDC, Legend Trading is expanding its reach in Latin America (LATAM) and Asia-Pacific (APAC) – two of the world’s fastest-growing crypto markets. This collaboration is set to enhance institutional access to USDC, facilitating smoother, faster cross-border transactions and fostering financial inclusion.

Unwavering Commitment to Compliance and Innovation

Legend Trading continues to prioritize compliance, securing its place as a trusted partner for institutional clients seeking secure and regulated crypto services. The company’s robust compliance framework ensures adherence to the highest industry standards while supporting its mission to bridge traditional finance with the digital asset space.

The firm’s state-of-the-art technology guarantees secure, efficient, and transparent services, offering institutions peace of mind in an evolving regulatory landscape. With its expanded presence in Europe and beyond, Legend Trading remains at the forefront of the digital asset industry, driving both innovation and trust.

Strategic Global Expansion

In addition to its European entry, Legend Trading has significantly bolstered its global presence throughout 2024, acquiring licensed subsidiaries and affiliates in South Africa, Singapore, and other undisclosed regions. These strategic acquisitions will support the company’s mission to connect global liquidity and build a comprehensive, stablecoin-based cross-border payment infrastructure.

About Legend Trading

Legend Trading is a premier provider of institutional-grade crypto trading, liquidity solutions, and fiat on-ramp/off-ramp services. The company specializes in OTC trading, offering deep liquidity and competitive pricing across major digital assets. With nearly 1,000 institutional clients globally, Legend Trading is known for its regulatory compliance, seamless integrations with top-tier crypto platforms, and dedication to fostering innovation in the digital asset space.

Now headquartered in Ireland, Legend Trading continues to set the standard for excellence, reliability, and transparency in the rapidly evolving world of digital assets.

For more information, visit Legend Trading

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