--- title: "Which CASP class your crypto services fall into · LT MiCA Desk" description: "Pick the crypto-asset services you intend to provide and see the MiCA class, the Annex IV capital floor and the extra evidence each service pulls into the application." url: https://unbui.lt/requirements/service-classes/ lang: en-GB updated: 2026-09-14 --- [Home](/) / [Requirements](/requirements/) / Service classes # Which class your services fall into Nobody applies for "a crypto licence". You apply for named services, and the combination decides your class, your capital floor and roughly half the documents you will have to write. The classes are cumulative. A class 3 provider may carry out every class 2 and class 1 service; a class 1 provider may not touch custody or exchange. So the binding figure is set by the single most demanding service on your list, add one custody line to an advisory business and the floor moves from €50,000 to €125,000. Services you intend to provide **Execution of orders on behalf of clients** You act on a client instruction to buy or sell, rather than trading against them yourself. **Placing of crypto-assets** You market a new issue to buyers on behalf of the offeror. **Providing transfer services for crypto-assets on behalf of clients** You move crypto-assets from one address to another on a client instruction. **Reception and transmission of orders for crypto-assets on behalf of clients** You take a client order and pass it to someone else to execute. **Providing advice on crypto-assets** You make personal recommendations about crypto-assets. **Providing portfolio management on crypto-assets** You manage a client portfolio on a discretionary basis. **Providing custody and administration of crypto-assets on behalf of clients** You hold clients’ crypto-assets, or the means of access to them. **Exchange of crypto-assets for funds** You quote a price and trade crypto against fiat on your own account. **Exchange of crypto-assets for other crypto-assets** You quote a price and trade one crypto-asset against another on your own account. **Operation of a trading platform for crypto-assets** You match third-party buying and selling interests in a system you run. Select at least one service. The class shown is the highest class among the services you pick, because authorisation covers the whole set. Annex IV sets permanent minimum capital of EUR 50 000 for class 1, EUR 125 000 for class 2 and EUR 150 000 for class 3, by reference to the crypto-asset services the provider is authorised for. [EUR-Lex, Regulation (EU) 2023/1114 (MiCA), consolidated text](https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32023R1114) · Verified on 2026-09-14 · Next review 2027-03-14 ### The floor is not the requirement Whatever figure the picker shows, it is a minimum that a live business frequently exceeds. Article 67 requires the _higher_ of that floor and one quarter of your fixed overheads. A class 1 advisory firm spending €600,000 a year on fixed costs needs €150,000, not €50,000. The [capital page](/requirements/capital/) works through the calculation. ## What each class covers Annex IV to Regulation (EU) 2023/1114, transcribed 14 September 2026. | Class | Services it adds | Minimum capital | | --- | --- | --- | | Class 1 | - Execution of orders on behalf of clients - Placing of crypto-assets - Providing transfer services for crypto-assets on behalf of clients - Reception and transmission of orders for crypto-assets on behalf of clients - Providing advice on crypto-assets - Providing portfolio management on crypto-assets | €50,000 | | Class 2 | - Providing custody and administration of crypto-assets on behalf of clients - Exchange of crypto-assets for funds - Exchange of crypto-assets for other crypto-assets …plus everything in class 1. | €125,000 | | Class 3 | - Operation of a trading platform for crypto-assets …plus everything in class 2. | €150,000 | ## Services that drag extra documents behind them Article 62(2) has a common core that every applicant files, and then service-specific items. These are the ones people miss when they scope a project, because they are not obvious from the service name. | Service | Additional evidence | | --- | --- | | Execution of orders on behalf of clients | Execution policy (Article 62(2)(p)). | | Providing advice on crypto-assets | Proof that the individuals advising have the necessary knowledge and expertise (Article 62(2)(q)). | | Providing portfolio management on crypto-assets | Proof that the individuals managing portfolios have the necessary knowledge and expertise (Article 62(2)(q)). | | Providing custody and administration of crypto-assets on behalf of clients | Custody and administration policy (Article 62(2)(m)). | | Exchange of crypto-assets for funds | Non-discriminatory commercial policy and the methodology for determining price (Article 62(2)(o)). | | Exchange of crypto-assets for other crypto-assets | Non-discriminatory commercial policy and the methodology for determining price (Article 62(2)(o)). | | Operation of a trading platform for crypto-assets | Operating rules of the platform, plus the procedure and system to detect market abuse (Article 62(2)(n)). | Operating a trading platform is the sharpest example. It moves you to class 3, and it also obliges you to produce operating rules and a working market-abuse detection system, a build, not a document. Firms that describe themselves loosely as "an exchange" often mean the class 2 exchange services, where they trade against the client on their own account, and not a platform matching third-party interests at all. The two sit in different classes and need different evidence. Readiness assessment ## Work out whether you are ready to file We map your business model onto the named MiCA services, work out the class and the capital that follows, and test the gaps against the grounds an authority refuses on. The output is a go or no-go, a gap list, a budget and a route. [Request an assessment](/assessment/) [Check your licensing scope first](/requirements/service-classes/) Enquiries go by email for now. Nothing on this site collects your details, and [the assessment page](/assessment/) sets out what to include. Regulatory references on this page were read against the primary text on 14 September 2026. Every figure is held in the [source register](/sources/) with the document it came from.