Ripple Expands EU Footprint with Full MiCA Approval in Luxembourg

Ripple has secured full approval to operate in Luxembourg under the European Union's Markets in Crypto-Assets (MiCA) framework, marking a significant milestone for the company's expansion in Europe. This move complements Ripple's existing e-money license and allows it to offer regulated crypto payment services across all 27 member states of the European Economic Area.

The approval comes as XRP spot exchange-traded funds have recorded eight consecutive weeks of net inflows, with cumulative net inflows reaching $1.49 billion. According to SoSoValue data, trading activity across listed XRP spot ETFs reached $14.48 million during the latest session, with Bitwise's XRP fund remaining the largest at $330.84 million in net assets.

Ripple's Managing Director for the UK and Europe, Cassie Craddock, expressed excitement about the company's new status, stating 'We're fully licensed in Europe and excited to keep building on the incredible momentum of recent months.'