ToolsMiCA Capital Calculator

MiCA Capital Requirements Calculator

Calculate minimum own funds requirements for CASPs under MiCA Article 67.

Select Crypto-Asset Services (MiCA Article 67)

Class 1 - Reception, Transmission, Execution, Placement, Advice & Portfolio Management

Reception & transmission of orders; execution of orders; placing of crypto-assets; advice on crypto-assets; portfolio management; transfer services for crypto-assets

€50,000

minimum

Class 2 - Custody, Administration & Exchange

All Class 1 services plus custody & administration of crypto-assets and exchange of crypto-assets for funds or for other crypto-assets

€125,000

minimum

Class 3 - Operating a Trading Platform

All Class 2 services plus operating a trading platform for crypto-assets

€150,000

minimum

Quarterly Fixed Overheads (€)

1/4 of annual fixed overheads from most recent audited accounts

CASP Authorization Checklist

Full authorization requirements

MiCA Full Text

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MiCA Capital Requirements Explained

Article 67 - Own Funds Requirements

CASPs must maintain own funds at all times equal to or greater than the higher of: (a) the minimum capital requirement for their service class, or (b) one quarter of fixed overheads of the preceding year.

Service Classes

Annex IV classes are cumulative — each class includes all services of the class below it.

Class 1 (€50,000): Reception & transmission of orders, execution of orders, placement, advice, portfolio management, transfer services
Class 2 (€125,000): All Class 1 services + custody & administration and exchange of crypto-assets (for funds or other crypto-assets)
Class 3 (€150,000): All Class 2 services + operating a trading platform for crypto-assets

This calculator provides estimates only. Consult your National Competent Authority for official requirements specific to your jurisdiction.