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

Binance is moving closer to securing a foothold in the European Union after several EU member states reportedly invited the crypto exchange to apply for a new license under the Markets in Crypto-Assets (MiCA) framework.

Speaking at the Reuters NEXT Asia conference in Singapore on July 9, 2026, Binance Co-CEO Richard Teng confirmed that discussions with multiple EU countries are underway but said it is still too early to identify the jurisdictions involved. According to Teng, the negotiations are progressing, while the exchange remains focused on securing regulatory approval without disrupting services for European users.

Teng explained that Binance withdrew its MiCA application in Greece after repeated regulatory delays, despite earlier assurances that approval was expected. With the EU's MiCA deadline approaching on July 1, 2026, Binance decided to abandon the Greek application to avoid a prolonged transition period and immediately began pursuing authorization in other EU markets.

The move followed additional regulatory challenges across Europe, including Binance's withdrawal of its MiCA licensing effort in France, narrowing its potential choices for an EU operating base. After exiting Greece, Binance reiterated on X that its commitment to obtaining a clear and harmonized MiCA license across Europe remains unchanged, describing the region as a key strategic market.

While regulatory talks continue in Europe, Binance is accelerating its expansion across Asia. Teng recently highlighted the company's growing presence in the Philippines through Blockshoals Technologies and revealed that several additional Asian market launches are being planned as part of the exchange's diversification strategy.

Institutional adoption is also strengthening Binance's business. Teng said professional clients now represent about 7% of the platform's user base, while institutional customers have increased by 9% this year, reflecting rising demand from larger investors despite ongoing macroeconomic uncertainty affecting BNB and the broader crypto market.

Although only a limited number of crypto firms have secured MiCA licenses so far, Binance believes ongoing discussions with EU regulators represent a positive step. If negotiations conclude successfully, the exchange could strengthen its European presence while continuing its rapid expansion across Asia, positioning itself for long-term growth in both regulated markets.