Coinbase and OKX Offer Bonuses to Lure Binance Users After MiCA Suspension
Coinbase CEO Brian Armstrong and OKX founder Star Xu announced sign-up bonuses for new European users after Binance suspended some services in the EU due to the lack of a MiCA license by the July 1 deadline. Coinbase, MiCA-licensed since 2025, offers a 5% transfer bonus for users in Germany, France, Italy, Belgium, Poland, Sweden, and the UK moving funds before July 13. OKX launched one of its biggest welcome campaigns for eligible EEA users, including bonuses and deposit matching up to 8%. Binance informed clients it would restrict services and accept no new registrations in the EU, but assured asset safety and stated it would seek a MiCA license soon. This move highlights the competitive landscape as MiCA regulation takes full effect, driving exchanges without licenses to wind down activities while licensed ones capitalize on user migration.
Key facts
- Binance suspends some EU services due to lack of MiCA license by July 1 deadline.
- Coinbase offers 5% transfer bonus for new users in key European markets.
- OKX provides up to 8% deposit matching and bonuses for eligible EEA users.
- Binance assures assets remain safe and seeks MiCA license in coming months.
- MiCA regulation requires firms to have a license by July 1 or wind down EU activities.