Coinbase and OKX attempt to attract Binance users after failing to obtain MiCA license

“If you are looking for a regulated platform built for the long term, we are excited to welcome you to OKX,” he said. “To celebrate this new chapter, we are offering one of our largest welcome campaigns to eligible EEA users, including welcome bonuses and a deposit match of up to 8%.”

Binance sent an email to its users informing them that the exchange was no longer able to accept new registrations and would be restricting services, a spokesperson for the Abu Dhabi-based company told CoinDesk. “Your assets remain safe and secure and will remain accessible at all times,” the email said.

On Thursday, the company announced that it was withdrawing its license application in Greece and would seek authorization in another EU country.

However, in a statement to CoinDesk, Binance said its “ambitions in Europe remain the same and we are confident that we will obtain a MiCA license in the coming months.”

Emails to customers in France, Italy, Poland and Spain arrive a few days before the June 30 deadline. Crypto companies must have a MiCA license from at least one EU member state by July 1 to provide services in all 27 member states. Unlicensed businesses must stop operating in the EU.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top