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Ripple has taken a significant step forward in Europe by securing a preliminary Crypto-Asset Service Provider (CASP) licence. This approval, granted under the EU’s Markets in Crypto-Assets (MiCA) regulation, allows the company to expand its regulated services across member states.
The CASP licence is a key milestone for the company. It provides a clearer legal foundation to offer institutional payments, custody solutions, and stablecoin-related services in the EU. Ripple has been actively building its presence in Europe, and this licence helps the company meet strict compliance standards while growing its business.
With RLUSD, Ripple’s dollar-backed stablecoin, already gaining traction globally with $1.7 billion in market cap globally, the licence could help drive more adoption. It also supports On-Demand Liquidity (ODL), where XRP serves as a bridge asset for cross-border payments. Ripple has long positioned itself as a full-stack payments infrastructure provider, and this regulatory win strengthens that goal in one of the world’s largest financial markets.
The achievement comes at a time when other major crypto firms are facing serious regulatory hurdles in Europe. Binance, for example, has faced a series of regulatory challenges in Europe over the past few years. In 2023 and 2024, the exchange had to withdraw from several key markets, including the Netherlands, Germany, and Austria, due to licensing difficulties. It has now been suggested that the exchange is set to lose its permission to operate in the EU, with the company’s application to keep serving its EU customers set to be rejected.
A few days ago, someone asked me what dystopian regulations the EU had introduced.
I'll start right away with MiCA:
1. Thanks to this regulation, all European crypto exchanges have delisted anonymous cryptocurrencies (such as Monero or Zcash), which, as a company, we can no…
— Pavol Lupták (@wilderko) June 22, 2026
The situation in Poland is peculiar. The country was one of the most popular European jurisdictions for pre-MiCA crypto licensing, but lack of local laws has created significant uncertainty and delays in the transition to the full MiCA framework.
While preliminary, this CASP licence is a meaningful win for Ripple in the EU. Primarily, it gives the company a stronger foothold under MiCA at a time when several large platforms, including Binance, continue to face compliance struggles and market withdrawals across Europe.
Partners and users will see it as a pointer to Ripple’s ability to find a way through the complex regulatory environment while others are still facing roadblocks. It reinforces Ripple’s position as one of the more regulated players in the space right now.
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