Global leading institutional cryptocurrency trading platform Legend Trading today announced that its subsidiary Legend Financial Ireland Limited has been approved by the Central Bank of Ireland to become a Virtual Asset Service Provider (VASP). This milestone further highlights Legend Trading's commitment to the European market and consolidates its leadership position in digital asset services in the region.

Ireland has become an important hub in the virtual asset field, with its clear regulatory framework providing strong support for the development of the digital asset, payment, and fintech industries. In the cryptocurrency sector, Ireland has become one of the most respected and welcomed countries in Europe, attracting leading companies such as Coinbase and Ripple to establish operations here. Currently, there are a total of 17 licensed VASPs in Ireland. Legend Trading's choice to make Ireland its European headquarters demonstrates its commitment to operate within a strong regulatory framework and provide safe and reliable digital asset services to the European Economic Area (EEA).

After obtaining registration as a Virtual Asset Service Provider (VASP) from the Central Bank of Ireland, Legend Trading is actively applying for a Crypto Asset Service Provider (CASP) license under the Market in Crypto-Assets Regulation (MiCA). VASPs that are registered and operating in Ireland before December 30, 2024, can continue their business under the transitional measures specified by MiCA while submitting CASP authorization applications.

Legend Trading's CEO Hao Chen stated: "The Central Bank of Ireland has included Legend Trading in its list of approved virtual asset service providers, which is an important step in our business development in the European region. Ireland's regulatory environment is friendly, and its strategic location within the European Economic Area (EEA) makes it an ideal base for our European operations. As we advance towards CASP authorization under MiCA, we look forward to further enhancing our products and services, contributing to the growth of the digital asset ecosystem in the region."

Global Expansion

Currently, Legend Trading's OTC business has provided services to nearly a thousand institutions worldwide, offering deep liquidity and competitive pricing in major digital assets. Its innovative fiat-to-cryptocurrency payment gateway, Legend Pay, has been integrated by leading cryptocurrency exchanges and wallets, including MetaMask, Circle, Deribit, KuCoin, and Cobo, helping millions of users easily exchange fiat and cryptocurrency.

Through a strategic partnership with Circle, the issuer of the world's second-largest stablecoin USDC, Legend Trading is providing fast and user-friendly USDC acceptance services for rapidly growing markets such as Latin America (LATAM) and the Asia-Pacific region (APAC). This collaboration enhances the availability and utility of digital dollars, facilitating cross-border transactions and financial inclusion.

Commitment to Compliance

Legend Trading's robust compliance framework makes it a trusted partner for institutions seeking secure and compliant crypto services. This milestone further reflects the company's mission to connect traditional finance and digital assets while adhering to the highest regulatory standards.

The company ensures the security, efficiency, and transparency of its services through cutting-edge technology. With a global footprint and localized presence in Europe, Legend Trading remains at the forefront of innovation and trust in the digital asset industry.

Deepening Global Presence

In addition to entering the European market, Legend Trading has significantly expanded its global business footprint this year through multiple strategic acquisitions in South Africa, Singapore, and other undisclosed regions. These acquisitions enable the company to drive global growth through licensed subsidiaries and affiliates, laying a solid foundation for establishing a comprehensive stablecoin-based cross-border payment infrastructure.

Legend Trading is committed to connecting global liquidity and continues to promote deep integration between traditional finance and the world of digital assets.

About Legend Trading

Legend Trading is a globally leading cryptocurrency trading and financial services company headquartered in California, USA, with its European headquarters located in Ireland. The company focuses on institutional-level OTC trading, fiat deposit/withdrawal solutions, and liquidity provision, serving nearly a thousand institutional clients worldwide. With deep liquidity reserves, rigorous compliance operations, and seamless integration with major crypto platforms, Legend Trading enjoys an outstanding reputation in the industry, continuously leading the development and innovation in the digital asset field.