Binance Shuts Down EU Services Amid MiCA Licence Failure

Binance, the world's largest cryptocurrency exchange by trading volume, has announced it will suspend services in multiple European Union countries from July 1, 2026.

The move comes after Binance failed to obtain regulatory authorisation required under the EU's Markets in Crypto-Assets (MiCA) regulation. The company applied for a licence in Greece but withdrew its application, stating it intends to reapply through another EU member state.

According to an email sent to French clients on Wednesday, Binance said its French entity is no longer accepting new clients and will cease providing crypto asset services from July 1. The company clarified that the move is not limited to France and similar communications have been sent to affected users in other EU markets.

Binance reassured clients that their funds are safe and secure, and will remain accessible at all times. The company cited a regulatory deadline imposed by MiCA, which most exchanges failed to meet, as the reason for its decision.