Why did Binance withdraw its MiCA application in Greece?

Binance withdrew its application with Greece's Hellenic Capital Market Commission because it plans to seek authorisation in another European Union jurisdiction. Binance said it will announce the new member state when the process is ready to move forward.

What does the July 1 MiCA deadline mean for Binance?

Binance must secure an authorisation pathway or comply with European Union regulatory requirements before the end of the MiCA transitional period on July 1. The European Securities and Markets Authority said unauthorised crypto firms must take immediate steps to wind down EU activities after the deadline.

How could Binance users in Europe be affected?

Binance said some European users may be affected as the exchange implements measures to remain compliant with applicable regulations. The company said it will communicate directly with affected customers and stated that user funds remain secure.

What is Binance's position in the European crypto market?

Binance accounted for an estimated 18.5% of euro-denominated spot cryptocurrency trading volume during 2026, according to CryptoQuant data. Binance ranked second in the segment behind Kraken, which held an estimated 43.3% market share.

What does MiCA mean for Binance and other crypto exchanges?

MiCA creates a unified regulatory framework for crypto asset service providers operating across the European Union. For Binance and other exchanges, authorisation under MiCA can support cross-border operations and participation in regulatory processes such as crypto asset white-paper notifications.

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Binance withdraws Greece MiCA licence application

Written by Mahathir BayenaPublished Jun 25, 2026, 12:00 AMLast Updated Jun 24, 2026, 11:59 PM

Binance withdrew its MiCA licence application in Greece and said it will seek authorisation in another European Union member state.
The move comes days before the July 1 MiCA deadline, when unauthorised crypto firms are expected to begin winding down EU activities.
Binance said it will take steps to remain compliant and minimise disruption for affected European users.

Binance said it has withdrawn its Markets in Crypto-Assets Regulation application with Greece's Hellenic Capital Market Commission and plans to pursue authorisation in another European Union jurisdiction ahead of the July 1 licensing deadline.

The decision follows discussions with multiple European regulators and comes after reports that Binance faced scrutiny over previous anti-money laundering penalties, its international corporate structure and perceived risk management practices.

“When we are ready to announce that Member State, we will do so publicly,” said Binance in a statement.

The European Securities and Markets Authority said crypto service providers that remain unauthorised after July 1 must take immediate steps to wind down European Union activities, while Binance said some users could be affected as it implements compliance measures.

Binance said user funds remain secure and that it will communicate directly with affected customers regarding any operational changes, and following the announcement there was no immediate market reaction available.

According to CryptoQuant data, Binance accounted for an estimated 18.5% of euro-denominated spot cryptocurrency trading volume during 2026, placing it behind Kraken's 43.3% market share in the segment.

The licensing process has become increasingly important under MiCA as authorised exchanges play a larger role in preparing and notifying regulatory white papers for listed crypto assets across the European Union.