Source: OJ L, 2025/417, 14.3.2025Current language: EN
- Markets in crypto-assets
Crypto-asset service provider
- RTS on trading platform transparency data
Article 1 General principles of presentation of the information on operating rules for trading platforms
Summary What does Article 1 of the RTS on trading platform transparency data say?
This opening article establishes the baseline transparency obligation for crypto-asset service providers (CASPs) that operate trading platforms.
It sets out how and where platform operating rules must be published, focusing on both the quality of the disclosure and its practical accessibility to the public.
Important points:
- If you operate a crypto-asset trading platform, publish your platform's operating rules free of charge in a way that is easily accessible, non-discriminatory, prominent, comprehensible, fair, clear, and not misleading.
- The operating rules must be consolidated into a single document and published on the CASP's website.
- There is no cost that can be passed on to users accessing these rules — publication must be free of charge.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
Crypto-asset service providers operating a trading platform for crypto-assets shall publish the information on the operating rules for their trading platform free of charge and in a manner that is easily accessible, non-discriminatory, prominent, comprehensible, fair, clear, not misleading and facilitates understanding.
Crypto-asset service providers operating a trading platform for crypto-assets shall publish the operating rules for their trading platform in a single document on the crypto-asset service provider’s website.
Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.
Definition
placing of crypto-assets
Definition
distributed ledger
Definition
reception and transmission of orders for crypto-assets on behalf of clients
Definition
exchange of crypto-assets for funds
Definition
consensus mechanism
Definition
operation of a trading platform for crypto-assets
Definition
crypto-asset service
- providing custody and administration of crypto-assets on behalf of clients;
- operation of a trading platform for crypto-assets;
- exchange of crypto-assets for funds;
- exchange of crypto-assets for other crypto-assets;
- execution of orders for crypto-assets on behalf of clients;
- placing of crypto-assets;
- reception and transmission of orders for crypto-assets on behalf of clients;
- providing advice on crypto-assets;
- providing portfolio management on crypto-assets;
- providing transfer services for crypto-assets on behalf of clients;
Definition
offer to the public
Definition
providing advice on crypto-assets
Definition
offeror
Definition
execution of orders for crypto-assets on behalf of clients
Definition
crypto-asset service provider
Definition
crypto-asset
Definition
DLT network node
Definition
funds
Definition
client
Definition
issuer
Definition
exchange of crypto-assets for other crypto-assets
Definition
providing custody and administration of crypto-assets on behalf of clients
Definition
providing transfer services for crypto-assets on behalf of clients
Definition
distributed ledger technology