Cyprus Securities and Exchange Commission (CySEC) licensed crypto exchange Zondacrypto, marking the 7th regulatory license for the company. With over 1.3 million active users, the company welcomed the regulatory step as a part of its efforts to offer a secure digital asset trading platform.
Preparing for MiCA Regulations
Speaking about the approval, CEO Przemyslaw Kral, said on LinkedIn: “Happy to announce that Zondacrypto has secured its 7th license, this time from the CySEC. This milestone further solidifies our mission to provide a safe, transparent, and fully compliant trading environment for our 1.3 million active users.”
“As we prepare for the upcoming MiCA regulations in the EU, this new license reinforces our dedication to maintaining the highest standards of security and compliance in the crypto space. And this commitment is something we take very seriously.” The company cited the EU's forthcoming MiCA regulations, which aim to provide a more unified legal framework for digital assets.
Last year, Zondacrypto obtained an over-the-counter license in Switzerland. The approval allowed the exchange to offer cryptocurrency exchange services, including fiat-to-crypto and crypto-to-crypto conversions. As the crypto sector continues to evolve, Zondacrypto aims to enhance compliance by prioritizing security and transparency in its services to users.
CySEC License
This year, Zondacrypto has expanded its reach with sports sponsorship deals. In August, Atalanta BC partnered with the exchange. In the deal, Zondacrypto became the club's sleeve sponsor. The agreement also featured the Zondacrypto logo on the sleeve of the first team shirt.
According to the official announcement, Zondacrypto will be the Official Crypto Exchange Partner as part of the agreement. The partnership will reportedly start with the 2024/25 season and last for three seasons.
Besides that, Zondacrypto announced another sports sponsorship with Juventus FC, one of Italy's renowned football clubs. According to a report by Finance Magnates, the partnership marked a step in Zondacrypto's expansion into the Italian market.
This article was written by Jared Kirui at www.financemagnates.com.
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