- Binance is withdrawing its MiCA application in Greece just days before the July 1 EU deadline.
- The exchange must wind down EU activities if not authorized, potentially impacting some European users.
- Euro-denominated trading accounts for about 1% of Binance‘s global spot volume, according to CryptoQuant data.
- Authorized exchanges like Kraken are increasingly acting as compliance gatekeepers for token issuers.
The cryptocurrency exchange Binance is pulling its application for an EU license in Greece just days before a critical regulatory deadline, casting uncertainty over its European operations. Consequently, the firm is pursuing authorization in another EU member state to maintain its presence across the bloc.
Binance head Gillian Lynch Europe-despite-licence-setback-2026-06-24/” rel=”nofollow noopener”>told Reuters the exchange is “not leaving Europe.” However, the move precedes the July 1 end of the Markets in Crypto-Assets Regulation (MiCA) transitional period. The European Securities and Markets Authority (ESMA) said unauthorized firms must immediately wind down EU activities.
Binance stated it plans to take necessary steps to remain compliant before the deadline. The company added, “This means some users may be impacted, and we will communicate directly with affected users.” Meanwhile, CryptoQuant data shows euro pairs account for only about 1% of Binance‘s global spot volume. The exchange held an estimated 18.5% share of euro-denominated spot trading in 2026, placing it second behind Kraken.
Binance‘s licensing difficulties could also affect token issuers relying on exchanges for compliance. According to EU Crypto Register creator Ryan King, exchanges like Kraken, LCX, OKX and Bitstamp accounted for about 31% of MiCA white-paper notifications he tracked. King told Cointelegraph that exchanges increasingly prepare these documents for tokens they list.
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