Binance’s co-CEO says the exchange remains committed to securing a license to operate in the European Union, even after the company withdrew its application in Greece. The exchange now has just one week to secure a license somewhere in the EU or risk having to cease operations in the region.
Binance had reportedly applied for a license in Greece but withdrew it without public explanation. The company has been scrambling to meet MiCA (Markets in Crypto-Assets) regulations that require crypto exchanges to obtain authorization to serve EU customers.
With only seven days left, the clock is ticking. Other jurisdictions could still be in play, though several EU member states have been tightening requirements for crypto operators.
Binance, the world’s largest crypto exchange by trading volume, has faced regulatory challenges across the globe — from the US to the UK to Nigeria. The EU license push represents one of its most critical compliance efforts as the bloc’s crypto framework comes fully into effect.
The co-CEO’s public commitment suggests the exchange isn’t planning an EU exit, but whether it can actually secure approval in a week is another question entirely.
