Binance MiCA License Talks Advance as EU States Invite New Application, Teng Says

tokenpost.com2 min read
Binance MiCA License Talks Advance as EU States Invite New Application, Teng Says
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RWA Signal Insight

Infrastructure

Binance is actively negotiating with multiple European Union member states to secure a regulatory license under the Markets in Crypto-Assets (MiCA) framework. Co-CEO Richard Teng confirmed these discussions during the Reuters NEXT Asia conference, noting that the exchange is seeking a stable regulatory foothold following the withdrawal of previous applications in Greece and France. The decision to abandon the Greek application was driven by persistent regulatory delays and the approaching July 1, 2026, MiCA deadline. Despite these setbacks, Binance maintains that the European market remains a key strategic priority for its long-term operations. Simultaneously, the exchange is diversifying its global footprint by expanding into Asian markets, including a recent push in the Philippines via Blockshoals Technologies. Institutional adoption on the platform is also showing resilience, with institutional clients increasing by 9% this year and professional users now accounting for 7% of the total base. Successfully navigating the MiCA licensing process is critical for Binance to ensure uninterrupted service for European users and to solidify its standing as a compliant global financial infrastructure provider.

Key points

  • Binance is pursuing new MiCA license applications after withdrawing from Greece and France.
  • Institutional client base on Binance grew by 9% throughout the current year.
  • Professional users currently represent 7% of the total Binance platform user base.
  • Expansion efforts are simultaneously targeting Asian markets, including the Philippines.

Background

The Markets in Crypto-Assets (MiCA) regulation is the European Union's comprehensive legal framework designed to regulate crypto-asset service providers and issuers. It aims to provide legal certainty, protect investors, and prevent market abuse across all EU member states. Compliance with MiCA is mandatory for firms wishing to operate legally within the European single market.

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