MiCA Defined Terms
Exchange of Crypto-Assets for Other Crypto-Assets
The CASP service of exchanging one crypto-asset for another on behalf of clients.
Definition
Under MiCA Article 3(1)(21), this is the conclusion of purchase or sale contracts concerning crypto-assets for other crypto-assets, by using own capital. A core Class 2 CASP service that typically operates alongside fiat exchange services.
Regulatory citation