European Union · United Kingdom · CoinDesk
Binance withdraws Greek MiCA bid but vows to remain in Europe
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Binance has withdrawn its application for a Markets in Crypto-Assets (MiCA) license in Greece and will seek authorization in another European Union country, the crypto exchange said Wednesday via several X posts.
Key facts
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
- Under MiCA rules, crypto firms must obtain a license from at least one EU member state by July 1 to serve clients across the 27-nation trading bloc
- While Binance did not immediately respond to CoinDesk's request for comment, Gillian Lynch, head of Europe and the United Kingdom, told Reuters that "Binance is not leaving Europe
- Her comment follows her firm's bid to secure a licence in Greece to offer crypto services in the EU went sour
Summary
The move comes days before a July 1 MiCA deadline that requires crypto firms to hold a license in at least one EU member state or wind down operations across the bloc. Greek, Irish and Latvian regulators had reportedly raised concerns about Binance’s past legal issues and corporate structure, while the company says user funds are safe and it will update affected European customers before the deadline. While Binance did not immediately respond to CoinDesk's request for comment, Gillian Lynch, head of Europe and the United Kingdom, told Reuters that "Binance is not leaving Europe.