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Ethena Exits Germany, Withdraws MiCAR Operations; Here’s Why

CoinGape LogoCoinGape22h ago

Ethena Exits Germany, Withdraws MiCAR Operations; Here’s Why - CoinGape

Quick Summary:

In a surprising development, decentralized finance (DeFi) protocol Ethena Labs has announced via its official X account that the firm has reached an agreement with German watchdog BaFin to end operations in the country.

The company also announced that it is withdrawing its MiCAR application in Germany.

This development comes following Europe’s increasing efforts in fostering crypto growth and development.

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Ethena Exits Germany, Withdraws MiCAR Operations; Here’s Why - CoinGape (Picture 1)

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Article Details

Author / Journalist: Nynu V Jamal

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-15 @ 15:31:34 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 27923945

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 20 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "Ethena Exits Germany, Withdraws MiCAR Operations; Here’s Why" has 331 words across 29 sentences, which will take approximately 2 - 3 minutes for the average person to read.

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The story "Ethena Exits Germany, Withdraws MiCAR Operations; Here’s Why" was covered 22 hours ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 20 news stories per day.

It's most recent story was published 10 hours ago.

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  • News ID: #27923945
  • URL: https://beamstart.com/news/ethena-exits-germany-withdraws-micar-1744731267423

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