MiCA-Licensed Crypto Exchanges
EU Status Tracker
Which exchanges hold a MiCA licence right now, which don’t, and what changed — checked against the public ESMA register. We update the log below whenever the EU landscape moves.
Short answer: As of 22 September 2026, the major MiCA-licensed exchanges open to EU users are Kraken, Coinbase, OKX, Crypto.com, Bybit EU GmbH, Bitpanda and Bitvavo. KuCoin EU holds a licence but may not commence business (FMA), so it is not open to users. Binance is not on the ESMA register — it withdrew its MiCA application on 24 June 2026 and suspended new EU services on 1 July 2026. Existing Binance funds remain withdrawable.
Base spot rates on the operators’ fee pages, 22 and 23 September 2026: OKX Europe 0.08% maker / 0.10% taker; Bybit EU 0.10% / 0.25%, a single 0.25% from 5 October 2026 (not in Malta); Coinbase 0.40% / 0.60% on its Exchange schedule; Kraken 0.40% / 0.80%. None of these links carries an affiliate parameter.
Licence Status by Exchange
MiCA licences are held by specific EU legal entities, not by global brands. If you are in the EEA, make sure you are onboarded to the licensed EU entity named below — the global platform of the same brand may not be authorised to serve you.
| Exchange | Licensed EU entity | Regulator | Status |
|---|---|---|---|
| Kraken | Payward Europe Solutions Ltd and Payward Global Solutions Ltd (trading platform) | Central Bank of Ireland | ● Licensed |
| Coinbase | Coinbase Luxembourg S.A. | CSSF (Luxembourg) | ● Licensed |
| OKX | OKX Europe Ltd | MFSA (Malta) | ● Licensed |
| Crypto.com | Foris DAX MT Ltd | MFSA (Malta) | ● Licensed |
| Bybit | Bybit EU GmbH | FMA (Austria) | ● Licensed (EU entity only) |
| Bitpanda | Bitpanda GmbH (AT), Bitpanda Asset Management GmbH (DE) and BP23 CA Limited (MT) | FMA / BaFin / MFSA | ● Licensed |
| Bitvavo | Bitvavo B.V. | AFM (Netherlands) | ● Licensed |
| KuCoin | KuCoin EU Exchange GmbH | FMA (Austria) | ● Licensed, not operating FMA still bars it from commencing business |
| Binance | — | — | ○ Not licensed (application withdrawn) |
Source: the public ESMA CASP register, re-checked on 22 September 2026. Country-by-country availability can vary during the EEA passporting rollout — always confirm on the exchange’s official EU page. The global Bybit and KuCoin platforms are not on the register; only their named EU entities are.
Binance: What Happened
Binance withdrew its MiCA licence application (filed in Greece) on 24 June 2026 and entered 1 July without EU authorisation — it was not rejected and holds no revoked licence. Since 1 July 2026, new spot trading, deposits and sign-ups are suspended for EU residents; existing funds remain withdrawable, according to Binance. Binance said in June 2026 that it intends to re-apply in another member state; France was named in press reports citing the Financial Times, not by Binance itself (corrected 23 September 2026). Full plain-English breakdown: Binance EU suspension explained.
Which Licensed Exchange Is Cheapest for You?
Licence status tells you where you can trade — not what it costs. Base spot taker fees range from 0.10% (OKX) and 0.25% (Bybit EU, a single 0.25% from 5 October 2026) to 0.60% (Coinbase, Exchange schedule) and 0.80% (Kraken Pro), so the same $5,000 a month of market orders costs about $60 a year on OKX and about $480 on Kraken Pro. The cheapest choice depends on your volume, order style and product mix.
EEA access: Bybit onboards EU users through MiCA-licensed Bybit EU GmbH (availability varies by country). EEA residents register directly with Bybit EU →; the global referral code PCNVIP does not apply there. The Bybit EU link carries no affiliate parameter; we are affiliated with Binance and with Bybit’s global platform, and have no partnership with the other exchanges in the table.
Update Log
Regulation-focused log. For listings, deals and everything else: all crypto updates.
22 September 2026 — Register re-checked: no status changed
We re-checked the ESMA CASP register (CSV export, 22 September 2026) and compared every exchange on this page against it: Bybit EU, Kraken (Payward), Coinbase, OKX, Crypto.com, Bitpanda, Bitvavo and KuCoin EU are still listed; Binance and Bitget are still absent. No new licence, withdrawal or warning since 18 August.
18 August 2026 — Register re-checked: no status changed
We re-checked the ESMA CASP register and compared every exchange on this page against it. Nothing changed since 8 July — no new licence, no withdrawal, no new warning. Binance is still absent from the register, and a French re-application could not be verified in any official source (pending applications are not published, so absence is not proof either way). Bitget’s Austrian MiCA application (announced by Bitget on 2 July 2026) is still pending: a search of the FMA’s own site returns no Bitget entry, and the FMA does publish authorisations when it grants them. MEXC, which is not in the table, remains on regulator warning lists, including the Dutch AFM warning of September 2025.
18 August 2026 — Correction: KuCoin is licensed but still not operating
This page previously listed KuCoin simply as licensed, which was misleading. There were two separate Austrian measures: a prohibition on commencing business (18 February 2026) and a new-business ban (19 February 2026). The new-business ban was lifted on 18 May 2026, but the prohibition on commencing business remains in force — the FMA cites outstanding governance requirements and unfilled key management functions. KuCoin EU has not started operating, so you cannot open an account there today. The table above now says so.
8 July 2026 — Tracker launched; register re-checked
All eight exchanges above confirmed on the public ESMA register; Binance not listed. The suspension is in effect across EU markets including France, Italy, Poland and Spain. Licensed venues now carry roughly 83% of European trading volume (The Block, June 2026 data).
3 July 2026 — Binance pushes back; France reported as re-application route
Binance publicly defended its position (“MiCA should be judged by who it licenses, not who it excludes” — via CoinDesk) and reiterated plans to seek authorisation again. No new application appears on the register yet. Correction, 23 September 2026: an earlier version of this entry said France was named as the intended route; France comes from press reports citing the Financial Times, not from Binance.
1 July 2026 — Binance EU suspension takes effect
New spot trading, deposits, sign-ups and Earn products halted for EU residents. Withdrawals remain open — an orderly wind-down, not a shutdown. Only 244 of more than 3,000 crypto firms operating in Europe obtained MiCA authorisation by the deadline (The Block).
24 June 2026 — Binance withdraws its MiCA application
Binance withdrew its application in Greece days before the transitional deadline, choosing to exit rather than operate unlicensed. This set the 1 July suspension in motion.
A Licence Is Not Automatically a Trading Platform
MiCA authorisations are granted per service, and operating a trading platform is its own permission. Of the 349 firms currently on the ESMA register (352 entries, CSV read 22 September 2026), only 22 carry it. Among the exchanges on this page, Kraken (through Payward Global Solutions), OKX and Bitvavo hold a trading-platform permission; Coinbase, Crypto.com, Bybit, Bitpanda and KuCoin do not — they hold narrower permission sets such as custody, exchange and transfer services (Bybit EU and KuCoin EU list no order-execution permission). In practice this rarely changes what you can do as a retail user, but it is the kind of distinction worth knowing before you assume every licensed venue is licensed for the same things. Always check the service list on an entity’s own register entry rather than the headline word “licensed”.
FAQ
Sources & Methodology
Licence data reflects the public ESMA MiCA register (esma.europa.eu), re-checked 22 September 2026. Market-share and authorisation-count figures: The Block (“Europe’s MiCA crypto regime is fully in force”). Binance statements: CoinDesk coverage, 26 June and 3 July 2026. Bybit EU GmbH authorisation: FMA Austria (fma.gv.at). This page tracks exchange licence status only; it is not legal or financial advice. Fee context uses published base-tier schedules — see the fee calculator methodology for details.