Binance: EU Exit Looms as MiCA Cuts 75% of Firms
Binance faces EU ban after Greece rejection under MiCA, with 75% of 3,000 firms cut off after June 30 as Coinbase and Kraken capture volume.
SourceAnalysis
Binance stands to lose its EU operating license if Greece rejects its application, triggering a full bloc exit under MiCA rules that have already approved just 210-220 of 3,000 prior operators and will sideline 75% after June 30. Licensed players including Coinbase, Kraken and Bitstamp sit ready to absorb displaced volume while offshore desks continue serving EU clients unchanged. BTC trading flows may shift quietly to these compliant venues without broader market disruption.
Wei
@thedaoofwei@coinsph @coinsxyz_ ceo | @0n1force council | @ofrfund advisor | ex @binance cfo | ex @grindr vice chairman