The European Union's Markets in Crypto-Assets (MiCA) transition period is set to officially end on July 1, 2026. After that date, crypto asset service providers (CASPs) without authorization will no longer be permitted to offer trading, custody, or transfer services to EU users.
Several major platforms have already secured MiCA authorization, including Coinbase, Kraken, Bitstamp, Bitpanda, Bitvavo, OKX, Crypto.com, Gemini, Robinhood Europe, eToro, Bybit EU, and parts of Revolut's crypto business. These licenses allow firms to operate across all 27 EU member states under a unified framework.
In the stablecoin sector, Circle's USDC and EURC are among the issuers that have achieved MiCA compliance. Meanwhile, Tether's USDT has yet to receive authorization, leading several regulated exchanges to restrict access for European users.
Attention is also focused on Binance. Recent reports suggest Greek regulators may be inclined to reject the company's MiCA application, although Binance maintains that its submission is fully compliant and says it has not received any formal rejection notice.
MiCA is widely viewed as one of the most comprehensive crypto regulatory frameworks globally and could serve as a model for future digital asset regulation worldwide.