Change, a European cryptocurrency company, announced on Tuesday that it has gained a new license from the regulator in the Netherlands. This Dutch approval will allow the company to offer both traditional and digital assets across the European Union market.
The license was granted by the Dutch Central Bank to Change’s parent company, Change Group.
“This additional license means we can remove more complexities our community faces on their wealth creation journey. Combining our crypto expertise with our investment firm license's new possibilities means we can ramp up our investment footprint and accelerate growth,” said Kristjan Kangro, the Founder and CEO of Change.
The company can now offer traditional investment instruments like stocks, shares, exchange-traded funds (ETFs) and even commodities. In addition, it can offer cryptocurrency and decentralized finance (DeFi) products.
“As the lines between traditional and digital investment opportunities continue to blur, this move gives us a strong foothold and provides our community with the best of both worlds,” Kangro added.
Pan-European Operations
Change currently offers several digital asset-related products. It offers cryptocurrency trading and payments services with digital assets. Apart from the latest Dutch license, the company holds an Estonian crypto license.
“Having an additional license that allows us to offer a full financial services proposition in every country of the European Economic Area is game-changing,” Change’s Global Chief Risk & Compliance Officer, Ronald van der Wal, said.
“This development affords us a massive opportunity to grow not only geographically but also in the variety of investment opportunities we can offer our customers. Now, our focus remains on diversifying our portfolio and driving wider innovation.”
