The German Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers about Euro Pro Markets and its website europromarkets.net. The warning cites suspected unauthorized financial, investment, and cryptoasset services.
According to BaFin, on March 14, 2025, the authority warned that Euro Pro Markets had shifted its operations from the previously deactivated website europromarkets.com to a new domain, europromarkets.net. BaFin suspects that the operators of this site are providing unauthorized financial, investment, and cryptoasset services. The warning emphasizes that any company offering such services in Germany must be authorized by BaFin. Consumers can verify a company’s authorization status through BaFin’s official database. This warning is issued based on section 37 (4) of the German Banking Act (KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomärkteaufsichtsgesetz), which regulate financial and crypto markets in Germany.
The German Crypto Markets Supervision Act (KMAG), effective from December 27, 2024, introduces regulatory measures for overseeing crypto markets in Germany. It focuses on market transparency, operational resilience, and compliance with European crypto regulations. The KMAG requires crypto service providers to secure licenses, maintain robust systems, and ensure transparent practices within the crypto sector. The framework supports secure and compliant market operations in alignment with EU standards.
Blockpit’s analysis ranks Binance as Europe’s safest licensed cryptocurrency exchange due to its regulation in multiple European countries, AES-256 encryption, and the SAFU (Secure Asset Fund for Users) program for user protection. Coinbase ranks second with 98% of assets held offline, licensing by BaFin in Germany, and advanced security protocols. Kraken is third, storing 95% of assets in cold wallets and adhering to regulations across the EU and other regions.
BaFin oversees the stability and integrity of Germany’s financial system. It supervises banks, financial services institutions, payment institutions, e-money institutions, insurers, asset managers, and other related entities. BaFin’s responsibilities include solvency supervision and market supervision to ensure fair conditions while preventing misuse for money laundering or terrorist financing.
