ESMA puts forward a Q&A on the shared order book model under MiCA

News Corporate Finance & M&A Guidance

Date: 20th Jun, 2025 Source: European Securities and Markets Authority Country: European Union Original Source

Brief

On 20/06/2025, the European Securities and Markets Authority issued an update regarding ESMA puts forward a Q&A on the shared order book model under MiCA. The Q&A addresses the shared order book model where two or more crypto-asset platforms merge their individual order books into a single unified order book from which orders are matched. This clarification aims to inform applicants requesting authorisations under the Markets in Crypto-Assets Regulation (MiCA).

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European Securities and Markets Authority

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ESMA puts forward a Q&A on the shared order book model under MiCA

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ESMA puts forward a Q&A on the shared order book model under MiCA

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European Securities and Markets Authority

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