Binance tells EU users they can transfer and withdraw assets after MiCA license denial

Binance has been denied an EU MiCA license while rivals like Coinbase got approved. The exchange is reassuring European users they can still transfer and withdraw their crypto as the landmark regulation takes effect July 1, 2026.

• Binance was denied a MiCA license in the EU while competitors such as Coinbase were approved to operate under the new framework.
• The EU's Markets in Crypto-Assets (MiCA) regulation took full effect on July 1, 2026, requiring crypto service providers to comply with stricter rules.
• Binance told EU users their assets remain fully backed 1:1 and that transfers and withdrawals are still available.
• Euro-denominated trading pairs now make up less than 1% of Binance's spot volume, according to CryptoQuant data.
• Europe has over 400 million consumers under a single regulatory framework, making it a strategically important market.

Coinporta summarises news for fast scanning. Full reporting belongs to the source.