MiCA Defined Terms
Reception and Transmission of Orders
A CASP receiving client orders for crypto-assets and transmitting them to a third party for execution.
Definition
Per MiCA Article 3(1)(22), this involves receiving from a client an order to buy or sell one or more crypto-assets and transmitting that order to a third party for execution. A Class 1 CASP service that overlaps with brokerage.
Regulatory citation