Europe’s MiCA transition interval ended on July 1, reducing off unlicensed crypto exchanges from serving new EU shoppers.
Finance Magnates examined what customers with an EU IP handle encounter when making an attempt to register on 5 platforms that stay with out a CASP licence, and in contrast these sign-up experiences with every alternate’s public messaging.
Binance: Restrictions Introduced, Signal-Up Stays Accessible
Binance withdrew its MiCA licence utility in Greece on June 24 and mentioned it could cease onboarding new EU customers and opening new positions from July 1. Current customers will retain withdrawal entry.
CEO Richard Teng reiterated this on X, saying consumer belongings stay protected and safe and that affected customers would preserve entry to beforehand communicated choices.
As MiCA-related adjustments take impact in the present day within the EU, I wish to personally reassure our affected customers that we stay totally dedicated to supporting you thru this transition with care, readability, and accountability.Your belongings stay protected and safe on @binance. After 1 July,… pic.twitter.com/fyqdNYjGrA
— Richard Teng (@_RichardTeng) July 1, 2026
Loading Binance’s website from an EU IP triggers a popup titled “European Regulatory Info”, however the sign-up course of itself just isn’t instantly blocked. As a substitute, customers are directed to contact buyer help.
Whether or not registration finally succeeds past that time was not examined.
Binance co-founder Changpeng Zhao supplied his personal account of the licence withdrawal, saying regulators had beforehand thought of the appliance “totally compliant” and describing competitors amongst EU jurisdictions to host Binance’s licence. These claims couldn’t be independently verified.
MEXC: Reassurance, No Seen Change Throughout Signal-Up
MEXC’s solely public touch upon MiCA got here from its help account in response to a consumer’s query on X on June 23, stating that EU customers might proceed utilizing the platform usually and that any future adjustments could be introduced upfront. It was not a proper firm assertion.
The preliminary registration expertise mirrored that message. Finance Magnates encountered no seen restrictions throughout sign-up, and MEXC’s printed listing of restricted jurisdictions, final up to date in Could 2026, doesn’t embrace EU member states.
MEXC’s management had signalled EU compliance was a precedence earlier than the deadline. In April, newly appointed CEO Vugar Usi, previously COO of Bitget, described MiCA authorisation as “a high strategic precedence.”
Expensive MEXCer @SvilleVille We utterly perceive the anxiousness surrounding these upcoming deadlines, and we wish to guarantee you that your peace of thoughts is our absolute precedence.To be totally clear with you: MEXC has been repeatedly monitoring regulatory updates within the EU…
— MEXC (@MEXC) June 23, 2026
As of July 1, nonetheless, no public replace on the licence utility had been printed past the help account’s reply.
Bitget: Licence Pending, Registration Provides Friction
Bitget CEO Gracy Chen has mentioned the alternate utilized for a MiCA licence in Austria and is awaiting a choice. The corporate has additionally mentioned it is not going to present companies within the EEA with out authorisation.
A fast replace for our EU group on the place Bitget EU stands within the MiCAR authorisation course of:🔹 Bitget EU has submitted an utility for authorisation as a crypto-asset service supplier underneath MiCAR to the Austrian Monetary Market Authority.🔹 Bitget EU’s utility is… https://t.co/SKampjmanw
— Gracy Chen @Bitget (@GracyBitget) June 17, 2026
Throughout Finance Magnates’ check, registering from a German IP triggered a “Restricted IP” popup particularly naming Germany. Customers might proceed solely after ticking a self-declaration confirming they weren’t German residents. Whether or not extra checks are utilized later within the onboarding course of was not examined.
BingX: The Strictest Signal-Up Stream
BingX has publicly disclosed its MiCA standing. In a June 16 replace, BingX EU mentioned it had utilized for CASP authorisation with Austria’s FMA and that the appliance was at a complicated stage, though not but authorised.
ICYMI: Replace on BingX EU’s MiCAR Authorisation Course of🔗 Full particulars: https://t.co/4GwPUOubn3
— BingX (@BingXOfficial) June 16, 2026
Among the many exchanges examined, BingX offered the strictest registration circulate. Finance Magnates was unable to proceed with registration from an EU IP, with no seen workaround supplied in the course of the preliminary sign-up course of.
HTX and Bitfinex: No Public Assertion, Registration Nonetheless Out there
Neither alternate has publicly commented on its MiCA utility standing or outlined plans for EU customers.
That lack of communication is mirrored by an absence of seen adjustments throughout registration.
Finance Magnates was in a position to entry the sign-up course of on each platforms, and every alternate’s printed restricted-jurisdictions listing continues to omit EU member states.
No Single Strategy Emerged
Finance Magnates’ check discovered no constant sample in how unlicensed exchanges are dealing with new EU customers after MiCA’s transition interval expired.
Binance, Bitget and BingX every launched friction throughout sign-up, in numerous kinds and to totally different levels. HTX and Bitfinex confirmed no seen change, in step with having made no public assertion in any respect. MEXC’s expertise additionally confirmed no seen change, however its printed jurisdictions listing has not been up to date since Could.
What occurs after registration, together with identification verification, account approval and entry to deposits, buying and selling or withdrawals, couldn’t be independently verified by means of this system.
Methodology: Finance Magnates examined publicly accessible sign-up flows from EU-based IP addresses on July 1, 2026, with out utilizing present buyer accounts. The assessment covers solely the preliminary registration expertise and doesn’t assess subsequent KYC procedures, account approval, or entry to buying and selling, deposits and withdrawals for present or newly registered customers.
This text was written by Tanya Chepkova at www.financemagnates.com.
Source link
