Cointelegraph·2h ago·mixed

Coinbase, Kraken and OKX offer bonuses to poach EU users as MiCA deadline hits

Licensed exchanges are offering transfer bonuses and prizes to attract users from Binance and Bybit, which are restricting EU services as MiCA rules take effect July 1.

MiCA rules take effect July 1, requiring all crypto firms serving EU users to hold a license from a member state regulator.
Binance withdrew its MiCA application and will restrict EU services; Bybit Global will also limit EEA access from July 1.
Coinbase offers a 5% transfer bonus, OKX offers 8% on new deposits, and Kraken runs a $1.1M prize draw for euro deposits.
Germany leads MiCA licensing with 57 of 244 approved CASPs; several EU countries have issued zero licenses so far.

regulationexchangeImpact 8/10

Why our editor rated this mixed

MiCA brings regulatory clarity to the EU, which is positive long-term, but the transition is causing disruption as major exchanges like Binance exit the region and users face service restrictions.

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