Online Broker XTB Says Poland’s Crypto Gridlock Risks Expansion

Fast-growing trading platform XTB SA said its expansion plans are at risk from Poland’s political deadlock over regulating crypto assets.

The Warsaw-listed online broker, whose market capitalization stands near $3 billion after a 36% surge over the last four months, is waiting with its crypto-trading initiative until local authorities embrace European Union rules, known as the Markets in Crypto-Assets Regulation or MiCA.

“Unfortunately, MiCA has become a tool for political discussion and it’s really difficult to find agreement,” XTB Chief Executive Office Omar Arnaout said in an interview. “The bottom line is that Poland is late, meaning XTB is also ...