MiCA Defined Terms
Exchange of Crypto-Assets for Funds
The CASP service of exchanging crypto-assets for fiat currency or vice versa on behalf of clients.
Definition
Under MiCA Article 3(1)(20), this service involves the conclusion of purchase or sale contracts concerning crypto-assets against fiat currency, by using own capital. A core Class 2 CASP service, also known as on/off-ramping.
Regulatory citation