CASP: crypto-asset service provider under MiCA

A CASP (crypto-asset service provider) is a term from the MiCA (Markets in Crypto-Assets) regulation. It means a company that professionally provides crypto-asset services, such as operating a trading platform, exchanging crypto for currency, holding clients' assets, executing orders or providing advice. In the EU, this requires authorization from the competent authority of a member state.

Authorization does not guarantee that a platform is safe or that a client will not lose money. It means the firm meets requirements concerning, for example, governance, capital and the protection of clients' assets. Before using a service, it is worth checking the entity's status in the supervisor's public register. A lack of authorization for services aimed at EU clients is a warning sign.