Binance says its MiCA application passed HCMC review but warns delays could hurt EU liquidity and user choice before June 30.
Binance has gone public on its MiCA licensing situation, citing progress with Greek regulators while pledging a further update before June 30, 2026.
Co-CEO Richard Teng posted directly on X, confirming the exchange’s dedication to its European user base. Binance stated that user assets remain fully secure and accessible at all times.
The exchange said it intends to keep the process orderly with minimal disruption to users. A firm update is coming before the end of the month.
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Binance MiCA License Application: Where Things Stand
Binance filed its MiCA application through Greece’s Hellenic Capital Market Commission.
According to the exchange, the HCMC completed its review and found the application compliant with MiCA requirements. The application also went through review at the European Securities and Markets Authority level, Binance said.
The exchange noted 18 months of constructive engagement with European regulators throughout the process. During that period, Binance says it built a compliance team exceeding 1,500 people.
The company also pointed to its full ADGM licensing suite in Abu Dhabi and nearly $7 billion in prevented fraud losses. Those milestones, it argued, reflect a genuine commitment to regulatory compliance globally.
Binance said it submitted a comprehensive application and engaged in good faith at every stage with the HCMC.
Binance remains committed to its European users and will continue to operate in compliance with applicable law.
— Binance (@binance) June 16, 2026
Binance Warns of EU Market Risks if MiCA Process Stalls
Binance went beyond status updates in its statement.
The exchange raised direct concerns about what a delayed or distorted MiCA authorisation process means for the European crypto market. It warned that delays risk weakening liquidity and reducing both competition and user choice across the bloc.
The exchange also flagged the possibility of activity, jobs, investment, and tax revenue shifting outside the EU.
Binance currently serves more European users than any other crypto exchange, according to its own figures. That scale, it argued, makes the outcome relevant to the wider EU digital asset market and not just to Binance itself.
Teng reinforced that message in his X post. He called for a fair, predictable, and genuinely harmonised European framework. He added that Binance remains ready to operate within such a structure once a path is confirmed.
Please rest assured that your assets remain secure, are and will remain accessible at all times. Our intention is to support an orderly process and minimise disruption to our users. We will provide a further update prior to June 30 2026.
— Richard Teng (@_RichardTeng) June 16, 2026
What European Users Can Expect Before June 30
Binance addressed its European users directly in its statement.
The exchange confirmed it will release further details on next steps and available options as new information becomes available. A concrete update is expected before June 30, 2026.
The company was clear that the MiCA transition period ending does not affect asset security. It said customers-first remains its top priority, and users will receive sufficient time and clarity before any changes take effect.
Binance also reaffirmed that Europe stays central to its long-term business plans.
The exchange closed its announcement with a firm position. It said it remains committed to securing the MiCA license and ready to operate under a truly harmonised European framework. Progress updates will continue as they become available.
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