Binance announced on 26 June 2026 that it will stop providing services to European clients after failing to obtain a licence required under the EU's Markets in Crypto-Assets Regulation (MiCA), according to Cnbc TOP. All cryptocurrency companies operating in the EU were required to hold MiCA authorisation by 1 July 2026 or face regulatory penalties. Binance did not secure authorisation from any EU member state ahead of the deadline.
The prior day, on 25 June 2026, Finnhub reported that Binance had indicated cryptocurrency withdrawals would remain available for existing EU users even as new onboarding and services were restricted from 1 July. This service restriction was a direct precursor to the full cessation of European operations confirmed the following day.
BNB, Binance's native token, is directly affected as the exchange's withdrawal from the EU removes a significant market and user base from one of the world's largest crypto platforms. Bitcoin (BTC) and Ether (ETH) are also connected to the event as assets held by EU-based Binance users whose access to the exchange is now curtailed.
Spain's financial regulator Carlos San Basilio confirmed on 26 June 2026 that there would be no exceptions or extensions to the MiCA deadline for non-compliant crypto exchanges serving EU users, closing off any remaining regulatory pathway for Binance to resume EU operations in the near term.
Sources: Cnbc TOP, Finnhub