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Crypto Exchange Coinify Obtains Regulatory Approval to Operate in Italy

The now-bankrupt crypto lender Voyager Digital acquired the exchange for $84 million in stocks and cash last August.

Updated May 11, 2023, 3:42 p.m. Published Aug 15, 2022, 4:20 p.m.

Coinify is now licensed to operate in Italy. (Getty Images)

Cryptocurrency exchange Coinify has obtained regulatory approval to operate in Italy, according to the Italian financial regulator’s website.

The Danish digital asset brokerage, currently licensed to operate in over 180 countries and territories, will offer its crypto trading and payments services in Italy after registering with the Organismo Agenti e Mediatori (OAM) on Aug. 12.

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Italy has been significantly increasing its roster of crypto firms licensed to operate within the country. Just last month, Crypto.com, BitGo and Bitstamp all registered with OAM to offer their products and services in the country. Crypto exchanges Binance, Kraken and Bitpanda and brokerage Trade Republic have also registered recently.

Last August, crypto lender Voyager Digital acquired Coinify in an $84 million sale in stocks and cash, to bolster its crypto payments services. This past July, Voyager filed for Chapter 11 bankruptcy amid the crypto credit crisis.

Neither Coinify nor Voyager responded to requests for comment by press time.

Italy Coinify Licensing

Cam Thompson

Cam Thompson was a Web3 reporter at CoinDesk. She is a recent graduate of Tufts University, where she majored in Economics and Science & Technology Studies. As a student, she was marketing director of the Tufts Blockchain Club. She currently holds positions in BTC and ETH.