🚨 Attention Binance EU Users
Binance ( $BNB ) is temporarily exiting the EU market and has announced it will stop serving clients across the European Union after failing to secure a MiCA license before the July 1 deadline.
The exchange withdrew its application in Greece after it became clear approval wouldn't arrive in time. Binance ( $BTC ) now plans to seek authorization through another EU member state, but until then, it cannot legally offer services across the bloc.
The company emphasized that user funds remain completely safe.
"Your assets remain safe and secure, and will remain accessible at all times."
Existing users have been informed about the transition, and Binance says it remains committed to returning to the European market once it secures a MiCA license.
This marks one of the biggest regulatory setbacks for Binance in Europe and could create an opportunity for MiCA approved exchanges to gain market share in the region.
Binance ( $BNB ) is temporarily exiting the EU market and has announced it will stop serving clients across the European Union after failing to secure a MiCA license before the July 1 deadline.
The exchange withdrew its application in Greece after it became clear approval wouldn't arrive in time. Binance ( $BTC ) now plans to seek authorization through another EU member state, but until then, it cannot legally offer services across the bloc.
The company emphasized that user funds remain completely safe.
"Your assets remain safe and secure, and will remain accessible at all times."
Existing users have been informed about the transition, and Binance says it remains committed to returning to the European market once it secures a MiCA license.
This marks one of the biggest regulatory setbacks for Binance in Europe and could create an opportunity for MiCA approved exchanges to gain market share in the region.