Webull EU has obtained authorization under the Markets in Crypto-Assets (MiCA) regulation from the Dutch regulator, marking a significant move for the firm's expansion in the European crypto market.
This approval follows the conclusion of the EU's grandfathering period on July 1, 2026, allowing crypto firms transitioning from national registrations to operate under a unified European framework. Webull aims to utilize this license to offer cryptocurrency operations and custody services by late 2026.
Having entered the EU market through the Netherlands in 2025, Webull reported revenues of US$159.9 million for the first quarter of 2026, reflecting a 36% increase year-on-year. The company's CEO, Andries van Luijk, emphasized that acquiring the MiCA authorization is a key milestone in Webull's efforts to grow in Europe.
MiCA's Impact on the European Crypto Landscape
The MiCA framework has significantly streamlined the European crypto sector, reducing the number of fully licensed firms to approximately 200 from over 1,200 that previously held national registrations. This represents a conversion rate of around 17-20%, leaving notable players like Binance without full MiCA authorization, which may lead to operational restrictions or market exits.
Under MiCA, the market for crypto services has been standardized, introducing stricter licensing rules and enhancing consumer protection. Nevertheless, challenges persist, particularly regarding stablecoins, which are classified as electronic money and necessitate separate Electronic Money Institution (EMI) licenses under central bank supervision.
Future Developments in EU Regulation
In response to regulatory gaps, the European Commission began a consultation process in May 2026, set to run until September 30, to assess whether MiCA remains effective. Feedback from industry stakeholders and national authorities will inform adjustments to enhance the framework as the crypto landscape evolves.
A significant focus is on filling regulatory voids concerning decentralized finance (DeFi), staking, and NFTs, with the European Parliament advocating for tailored regulations to mitigate risks related to shadow banking in lending and borrowing as well as to address consumer protection issues associated with yield products.
This article is for informational purposes only and does not constitute financial advice.
