To trade crypto using a corporate account at Firi, the company is required to have a LEI number.
If the company already has a LEI, you don’t need to do anything. Firi will automatically retrieve the number once it is registered in the global LEI database. If the company does not yet have a LEI, it must be registered before you can trade crypto with us.
On this page, we explain what a LEI is, why it is required, and how to obtain one.
LEI stands for Legal Entity Identifier. It is a unique international ID number for companies and other legal entities. The number consists of 20 characters and is used to identify who participates in financial transactions, including across borders.
LEI is already used in traditional finance and is now also a requirement for companies that want to trade crypto assets.
Firi is required by law to obtain a LEI for corporate customers using crypto on our platform.
This is due to the new crypto-asset regulation (MiCA), which mandates the identification of legal entities. The goal is to make the market safer and more transparent, and to help combat financial crime.
If the company already has a LEI, Firi will automatically retrieve it from the global LEI registry. You do not need to send the number to us. The only action required is to register for a LEI if the company does not already have one.
You can easily check in the global LEI registry at gleif.org. Companies that already trade listed stocks and funds often have a LEI already.
Fortunately, it is quite straightforward:
1. Choose a LEI issuer
You can choose whichever issuer you prefer, but as a Firi customer, you receive a discount on LEI from NordLEI. More information about NordLEI and the offer can be found below.
2. Register the company with the LEI issuer
Fill in the company information, including the organization number.
3. Receive the LEI Number
Once the registration is approved, your company receives a LEI number. This typically takes 1–2 business days.
4. Firi retrieves the LEI automatically
When the LEI is registered in the global registry, we retrieve it automatically. This normally happens within 1 business day. You do not need to send anything to us.
NordLEI is a trusted provider and Sweden’s only LOU (Local Operating Unit); with over 10 years in the industry, NordLEI has extensive experience of working with LEIs. Thanks to efficient processes, LEIs are issued within a couple of hours, with access to Nordic support offering rapid response times.
You can find more information about LEIs and NordLEI here.
Firi, in collaboration with NordLEI, has introduced a discounted price for customers who need a new LEI or who are not currently NordLEI customers. To take advantage of this offer, please follow the link. Alternatively, you can manually enter the discount code “FIRI”.
For existing NordLEI customers:
Log in as usual at https://nordlei.org. Then enter the discount code “FIRI” at checkout when you register a new LEI or renew your existing LEI.
Without a LEI, the corporate account will have limited access to crypto at Firi.
This means you will not be able to:
You will still be able to:
Please contact customer service if you have questions about LEI or the new regulations. We are happy to help.