Coinbase and OKX Try to Lure Binance Users After Failing to Obtain a MiCA License

“If you are looking for a regulated platform designed for the long term, we are pleased to welcome OKX,” he said. “To celebrate this new chapter, we are offering one of our biggest welcome campaigns for eligible EEA users, including welcome bonuses and deposit matching of up to 8%.”

Binance sent an email to its users notifying them that the exchange could no longer accept new registrations and would restrict services, a spokesperson for the Abu Dhabi-based company told CoinDesk. “Your assets remain secure and will be accessible at all times,” the email said.

On Thursday, the company said it withdrew its license application in Greece and would seek authorization in another EU country.

However, in a statement to CoinDesk, Binance said its “ambitions in Europe remain the same and we are confident that we will obtain a MiCA license in the coming months.”

Emails to customers in France, Italy, Poland and Spain arrive days before the June 30 deadline. Crypto companies must have a MiCA license from at least one EU member state by July 1 to provide services in all 27 member states. Unlicensed companies must end their activities in the EU.

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