More MiCA-licensed crypto firms could exit EU market: Gate Europe CEO
Gate Europe CEO Giovanni Cunti says MiCA licensing may not guarantee long-term survival for all crypto firms in the EU. As compliance costs and regulatory demands rise, some licensed companies could struggle to sustain the resources needed to operate, while new entrants may find it harder to compete. He also warned that stricter rules could push some startups and major projects to launch in friendlier jurisdictions outside Europe, even though MiCA improves investor protections. The EU’s transition period ended July 1, forcing crypto firms serving EU customers to seek authorization or stop regulated services. Since then, some exchanges have restricted services, while the number of authorized providers has continued to grow, reaching 294. Cunti said the market is shrinking from thousands of operators to hundreds, creating opportunities for firms that remain.
