🚨 WARNING: 92% OF EUROPE'S CRYPTO INDUSTRY WILL DISAPPEAR BY TOMORROW.
🇪🇺 Only 244 crypto firms have secured a MiCA license ahead of tomorrow’s deadline.
Europe previously had more than 3,000 registered crypto companies.
That means roughly 92% are still not fully authorized under MiCA.
Starting July 1, firms without a license must stop serving EU users or face enforcement.
This marks one of the biggest regulatory shake-ups in crypto EVER.
Coinbase and OKX Move to Capture Binance EU Users After MiCA Service Suspension
Coinbase and OKX have launched promotional campaigns targeting European users after Binance suspended certain services in the EU for failing to secure a MiCA license before the July 1 deadline. Coinbase is offering transfer rewards of up to 5% for users in Germany, France, Italy and other markets, while OKX is providing eligible EEA users with deposit bonuses of up to 8% and additional new-user incentives. Binance said it still expects to obtain a MiCA license in the coming months. According to OKX Europe General Manager Erald Ghoos, the exchange also saw a record number of new customer sign-ups ahead of the MiCA transition deadline.
The augmented products are not answers alone so stop adding features feeling like you’re killing the market
Compliance is the new ERA, pack for it you might need lawyers.
NEW: @coinbase and @okx are dangling bonuses up to 8% to pull @binance's EU users to their platforms.
Binance is suspending some EU services from July 1 after failing to secure a MiCA license.