Binance, the world's largest crypto exchange, is set to lose its ability to serve EU clients after its Greek MiCA license application faces rejection, Reuters reported on June 16, 2026. Two sources told Reuters that Greece's Hellenic Capital Market Commission (HCMC) is expected to deny the application. If finalized, the decision would block Binance from operating across the 27-nation bloc once MiCA's transitional period ends on July 1, 2026. Binance, however, pushed back, stating that HCMC completed its review and considered the application compliant with MiCA requirements, and that no formal rejection has been announced. The company noted that HCMC gave no formal indication of the contrary. HCMC declined to comment due to confidentiality rules. Under MiCA, a single license grants passporting rights across EU member states. Without approval, unlicensed platforms must halt services to avoid enforcement actions. Binance submitted its application in January 2026 through a Greek subsidiary, citing the country's skilled workforce and security advantages. Competitors with approved MiCA licenses, such as Coinbase and Kraken, stand to gain users seeking compliant trading venues. The BNB token and broader crypto markets may face short-term volatility. An official HCMC decision or Binance appeal could still shift the outcome.

Key facts

• Binance's Greek MiCA license application faces rejection, blocking EU operations after July 1, 2026.
• Reuters reports two sources expect Greece's HCMC to deny the application.
• Binance claims HCMC found its application compliant and has not formally rejected it.
• Competitors like Coinbase and Kraken with MiCA licenses may gain users.
• No final decision yet; Binance may appeal as transitional period ends.

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