Exclusive: Binance set to lose EU licence bid, permission to offer services in the bloc, sources say

Binance is reportedly set to lose its bid for an EU-wide licence under the Markets in Crypto-Assets (MiCA) framework, according to sources cited by Reuters. The exchange, which operates the world’s largest crypto platform, would lose permission to offer services across the bloc if the rejection stands. Coverage does not yet specify which EU regulator has blocked the application, though CoinDesk notes a reported Greek rejection.

Coverage emphasizes Binance’s public stance: the company reaffirms its commitment to European users and compliance with MiCA, despite the setback. Bloomberg and Crypto Briefing highlight Binance’s preparations for a potential exit, including efforts to secure local licenses. Bloomberg also notes the broader implications for crypto trading in the EU, where MiCA’s enforcement deadline is approaching.

What to watch next: Binance’s next steps—whether it will appeal the decision, pivot to local licensing strategies, or withdraw from the EU market. The outcome could set a precedent for other global crypto firms navigating MiCA compliance. Regulatory clarity on the rejection’s specifics may emerge in the coming days.