Binance told EU users it will suspend services from July 1 after failing to secure a MiCA license. Rivals Coinbase and OKX immediately launched sign-up bonuses of up to 8% to attract Binance's European customers.
MiCA regulation is bringing clarity to Europe, which is positive long-term. But Binance's forced exit from EU services disrupts millions of users, creating short-term uncertainty and a scramble for alternatives.
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