Binance to halt EU services after failing to secure a MiCA license
Binance told EU users it will stop offering services from July 1 after withdrawing its Greek MiCA bid. Only about 210 of 3,000+ crypto firms cleared MiCA by the deadline.
Binance informed EU users on June 26 that it will no longer provide services in the bloc from July 1, after failing to secure a license under the Markets in Crypto-Assets (MiCA) regulation. The exchange had withdrawn the application it filed with Greece's Hellenic Capital Market Commission in January 2026, citing prolonged review timelines and the absence of any formal decision. Reuters reported the regulator was preparing to reject the bid, with concerns centered on Binance's anti-money-laundering history and the fit-and-proper standard applied to owner Changpeng Zhao.
The scale of the MiCA bottleneck is striking: of more than 3,000 crypto firms operating across Europe, only about 210 secured full authorization by the July 1 deadline — a clearance rate near 7%.
For EU users, new spot orders, deposits, sign-ups, and Earn and staking products become unavailable, though existing funds remain accessible and withdrawals stay open. Binance says it will now seek authorization in France and remains confident it will land an EU license in the coming months.