Coinbase and OKX offer bonuses to attract Binance users ahead of MiCA

Coinbase and OKX are offering deposit and transfer bonuses to European users as Binance prepares to restrict services due to lacking a MiCA license. The moves come days before the July 1 deadline for the new EU crypto rules.

Coinbase is providing a 5 percent transfer bonus to users in Germany, France, Italy, Belgium, Poland, Sweden and the UK who move funds before July 13. The company, which has held a MiCA license since 2025, highlighted its unified global liquidity in spot and derivatives trading.

OKX is running a larger campaign for European Economic Area residents, with welcome bonuses and deposit matching up to 8 percent. CEO Star Xu posted on X that the platform welcomes users seeking a regulated long-term option as MiCA takes effect.

Binance told users in France, Italy, Spain and Poland that it will suspend some services because it lacks the required license. The firm withdrew its application in Greece last week and said it will seek authorization in another EU country, while assuring clients that assets remain safe and accessible.

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A photorealistic image showing a laptop with Binance interface and suspension notices related to EU regulations.
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Binance to restrict EU services after missing MiCA deadline

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Binance has notified European Union customers that it will suspend some services starting July 1 because it will not hold a MiCA license by the deadline.

Binance will limit its services for European users starting July 1 after failing to obtain a MiCA license. The exchange withdrew its application in Greece following reported resistance from regulators there.

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Binance has withdrawn its application for a Markets in Crypto-Assets license in Greece. The company will seek authorization in another European Union country instead. The move comes days before a July 1 deadline under MiCA rules.

Brazil's central bank has banned electronic foreign exchange providers from using stablecoins and cryptocurrencies like Bitcoin for settling overseas remittances. The new rule, BCB Resolution No. 561, takes effect on October 1. Individual investors can still buy, hold, and trade crypto through authorized providers.

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IG Europe will use Bitpanda's infrastructure to offer crypto trading to investors across the continent. The move follows the London-listed firm's introduction of spot crypto services in the United Kingdom last year.

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