Binance has taken a new regulatory step in Europe by applying for authorization under the EU’s Markets in Crypto-Assets Regulation (MiCA) in Greece. The move comes as European regulators intensify scrutiny and June compliance deadlines draw closer for crypto firms operating across the bloc.
The exchange confirmed it has submitted a MiCA license application to Greece’s Hellenic Capital Market Commission. Binance stated it is actively cooperating with local authorities and views MiCA as a framework that brings regulatory clarity, stronger consumer protections, and long-term stability to Europe’s digital asset market.
Founded in 2017, Binance is the world’s largest centralized exchange (CEX) by trading turnover, averaging $11.9 billion in reported daily volume, according to CoinGecko.
The application follows warnings issued in France, where regulators recently identified Binance as registered but not yet licensed under MiCA. Firms that fail to secure authorization by the end of June may be required to halt operations starting in July.
Despite Binance’s filing, Greece has not yet issued a single MiCA license to a crypto service provider. Other EU countries are further along, with Germany and the Netherlands leading in approved authorizations, while France has granted a limited number of licenses.
Binance remains the largest centralized crypto exchange globally by trading volume, but it has faced increased regulatory attention in Europe since 2021. As MiCA enforcement accelerates, Binance’s Greek application signals an effort to secure continued access to the EU market under the new regulatory regime.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.