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Binance eyes alternative EU licensing route if Greek bid fails: Report

Binance is seeking an alternative EU authorization path after setbacks in Greece as the MiCA transitional deadline of July 1 approaches. The exchange said it is "not leaving Europe" and could apply in another EU jurisdiction if its Greek bid fails. The article highlights regulatory pressure on crypto firms that remain unauthorized after the deadline, with ESMA warning they must take immediate steps to wind down EU activity. While Binance’s euro-pair volumes represent only about 1% of its global spot volume, it still handles significant European trading flow, estimated at $100 million to $250 million in daily euro-pair volume with occasional spikes to $600 million. The case underscores how MiCA compliance is becoming a gatekeeping issue for exchanges and could affect token listings and white-paper notifications across the bloc.

Category

Bitcoin

Sentiment

Neutral

Event

Regulatory action

Reading time

1 min