MiCA Defined Terms
Execution of Orders on Behalf of Clients
A CASP concluding agreements to buy or sell crypto-assets on behalf of clients, including agency arrangements.
Definition
Per MiCA Article 3(1)(19), the execution service is the conclusion of agreements to buy or sell one or more crypto-assets on behalf of clients. Includes the conclusion of contracts to sell crypto-assets at the moment of their offer to the public or admission to trading.
Regulatory citation