Binance to suspend EU crypto services on July 1 after missing MiCA license

Binance, the world’s largest cryptocurrency exchange, announced that it will stop offering most crypto‑asset services to users in the European Union from July 1, 2026. The firm failed to obtain a Markets in Crypto‑Assets (MiCA) authorisation before the EU deadline and withdrew its licence application in Greece on June 24. As a result, customers in France, Italy, Poland, Spain and other affected jurisdictions received emails explaining that new registrations, deposits and certain trading features will be halted, while withdrawals and custody of existing assets will remain available.

Binance says the suspension is a temporary compliance pause, not a permanent exit. The company plans to seek a MiCA licence through another member state—France is seen as the most likely candidate—and expects to secure authorisation in the coming months. EU regulators, including Spain’s CNMV, have made clear that no extensions will be granted for firms lacking a licence, and they are coordinating with unlicensed platforms to ensure users can transfer assets safely. Binance has assured that user funds are protected and accessible during the shutdown.

The development highlights the EU’s new unified crypto‑regulatory framework, which obliges service providers to hold a single member‑state licence that confers “passport” rights across the bloc. Without such a licence, firms must cease regulated activities, prompting millions of European crypto users to consider moving their holdings to licensed competitors or self‑custody solutions.