The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InIn a move aimed at strengthening unified oversight of the digital asset market in the European Union, the European Securities and Markets Authority (ESMA) has added 14 new Crypto-Asset Service Providers (CASPs) to its official register. Notable additions include Ripple Payments Europe alongside several traditional banking institutions. According to reports, this expansion brings the total number of providers registered under the Markets in Crypto-Assets (MiCA) regulation to 294.
This expansion comes as the industry shifts toward institutional compliance, with firms like Ripple seeking to secure a legal foothold within the European bloc ahead of full MiCA implementation. Looking at peer performance, Coinbase's recent earnings reports showed institutional revenue growth of 7% quarter-over-quarter (per company financial filings), reflecting a broader trend toward regulated platforms. Market data indicates that this regulatory momentum coincides with relative stability in institutional trading volumes compared to last year.
Operationally, traders are monitoring the pace of licensing, which has seen a slight slowdown recently despite the entry of major names into the register. With real-time price data currently unavailable for associated instruments, focus shifts to the economic calendar, where the U.S. Monetary Policy Report is due on July 10, 2026, potentially impacting risk appetite for digital assets. The market also awaits Fed Governor Bowman's speech on July 13 for clues on global liquidity supporting the adoption of these technologies.