Bloomberg: Binance has not obtained a MiCA license and is still maintaining operations in the European Union

According to Bloomberg, citing informed sources, Binance announced in June plans to exit the European Union, and the market generally expected it to be forced out due to not obtaining a MiCA license. However, the July 1 deadline has passed, and Binance is still maintaining operations in the EU through various means.

European Central Bank President Christine Lagarde personally intervened to push for Binance's application, which was not approved, and Binance has withdrawn its license application in Greece. Previously, users in six EU countries with local entities were asked to migrate away from the platform, and some users later regained trading access through "reverse solicitation" clauses. Binance has also routed some EU users' trades to its Abu Dhabi entity, which is under different regulations.

Currently, the European Securities and Markets Authority has sent a letter requesting confirmation of its orderly exit progress. Binance stated that it is committed to achieving long-term compliant operations under the MiCA framework. Data shows that its global spot trading volume share exceeds 45%, with the euro-denominated trading share around 3% to 4%, which has not changed significantly from before.