"This addition secures our regulated presence across Europe," a market participant noted as Ripple Payments Europe joined 14 new firms on the European MiCA register, raising the total number of authorized crypto service providers in the bloc to 294. The update confirms Ripple’s regulatory foothold under the EU’s Markets in Crypto-Assets (MiCA) framework but highlights a slowdown in licensing momentum compared to earlier in July.
Ripple Payments Europe was added after securing full authorization from Luxembourg’s financial regulator, the CSSF. This license grants Ripple passporting rights across 30 European Economic Area countries, consolidating regulatory approvals into one unified system instead of separate national permissions. Combined with Ripple’s existing electronic money institution license in Luxembourg, the new authorization enables banks, fintech firms, and corporates across Europe to use Ripple’s platform for collecting, exchanging, and paying out funds within a single integration. Ripple holds more than 75 regulatory licenses worldwide, including its UK Financial Conduct Authority approval obtained earlier this year in January.
The latest MiCA update added firms from 10 countries, including banks, exchanges, payment providers, and Bitcoin-focused platforms. Notable new entries include Portugal’s Bison Bank, Croatia’s state-owned Hrvatska poštanska banka, Liechtenstein’s Kaiser Partner Privatbank, and two German cooperative banks. This reflects how MiCA authorization is expanding beyond crypto-native businesses, with traditional financial institutions such as BBVA, CaixaBank, Commerzbank, and Standard Chartered Luxembourg already participating. The pace of new licenses has slowed after the initial surge following the MiCA transitional period’s close on July 3, which saw 37 firms added compared to just 14 in this recent batch.
The market reaction to Ripple’s update was muted. XRP trades near $1.07 with a market capitalization exceeding $67 billion, down about 3.46% in the past 24 hours and roughly 70% below its all-time peak of $3.65. Regulatory progress under MiCA has yet to stimulate price gains for XRP. The licensing development is significant for Ripple’s regulated service expansion but has not translated into immediate market movement.
