Crypto Exchange Zondacrypto Wins 7th License with CySEC Approval

Cyprus Securities and Exchange Commission (CySEC) licensed
crypto exchange Zondacrypto, marking the 7th regulatory license for the
company. With over 1.3 million active users, the company welcomed the
regulatory step as a part of its efforts to offer a secure digital asset
trading platform.

Preparing for MiCA Regulations

Speaking about the approval, CEO Przemyslaw Kral, said on
LinkedIn: “Happy to announce that Zondacrypto has secured its 7th license,
this time from the CySEC. This
milestone further solidifies our mission to provide a safe, transparent, and
fully compliant trading environment for our 1.3 million active users.”

“As we prepare for the upcoming MiCA regulations in the
EU, this new license reinforces our dedication to maintaining the highest
standards of security and compliance in the crypto space. And this commitment
is something we take very seriously.” The company cited the EU’s forthcoming MiCA regulations, which aim to provide a more unified legal
framework for digital assets.

Last year, Zondacrypto obtained an over-the-counter license in Switzerland. The approval allowed the exchange to offer cryptocurrency exchange services, including fiat-to-crypto and crypto-to-crypto conversions. As the crypto sector continues to evolve, Zondacrypto aims to enhance compliance by prioritizing security and transparency in its services to users.

CySEC License

This year, Zondacrypto has expanded its reach with sports sponsorship deals. In August, Atalanta BC partnered with the exchange. In the deal, Zondacrypto became the club’s sleeve sponsor. The agreement also featured the Zondacrypto logo on the sleeve of the first team shirt.

According to the official announcement, Zondacrypto will be the Official Crypto Exchange Partner as part of the agreement.
The partnership will reportedly start with the 2024/25 season and last for
three seasons.

Besides that, Zondacrypto announced another sports sponsorship with Juventus FC, one of Italy’s renowned football clubs.
According to a report by Finance Magnates, the partnership marked a step in Zondacrypto’s expansion into the Italian market.

This article was written by Jared Kirui at www.financemagnates.com.