Binance faces EU service limits next week as MiCA rules take effect
Binance told EU users it will restrict key services from July 1 after failing to secure MiCA authorization from an EU member state before the deadline. The exchange will stop onboarding new EU users and limit certain services for existing EU accounts, while withdrawals will remain available. Binance says users can move funds to self-custody wallets or transfer assets to other crypto service providers, and describes the change as an orderly transition intended to reduce disruption. The move follows Binance’s withdrawal of its MiCA license application in Greece and comes as other MiCA-licensed platforms, including Revolut and OKX, seek EU users. Some users are asking what will happen to staking and other active positions, but Binance has only said balances remain safe and available. Industry voices are divided on the impact, with some arguing existing users may see little change apart from marketing and onboarding limits.
