Highlights
- BingX EU has obtained a licence under MiCA from Austria’s Financial Market Authority.
- The licence was issued to MEGE zweite GmbH, the entity that operates BingX EU.
- The approval is expected to allow regulated crypto services across 29 EEA countries, subject to passporting arrangements.
BingX EU has obtained a licence from Austria’s Financial Market Authority (FMA) under the Markets in Crypto-Assets Regulation, known as MiCA or MiCAR. The development, reported on 15 October 2026, brings another Crypto trading platform into the European Union’s harmonised regulatory framework for digital asset services.
The licence was issued to MEGE zweite GmbH, the entity that operates BingX EU.
With the approval, the company expects to offer regulated crypto services in 29 countries across the European Economic Area (EEA), subject to ongoing passporting arrangements. Its European entity will serve both retail and institutional users. Austria has already become the MiCA base for several other large crypto platforms.
What Does the MiCA Licence Allow BingX EU to Do?
Under MiCA, a firm authorised in one member state can extend its services to other EEA countries without obtaining separate national licences. This process, known as passporting, is central to how BingX EU plans to operate across the region from its Austrian base.
According to the company, the licence places its digital asset services for EEA users under a single regulatory framework. BingX EU said that framework rests on transparency, security and protection for those using its services.
When Will Regulated Services Launch Across the EEA?
The company has not yet launched its regulated services across the EEA. Ahead of that launch, BingX EU said it plans to continue working with the FMA and other European regulators.
The availability of services in individual countries remains subject to the passporting arrangements, which were described as ongoing at the time of the announcement. No specific launch date for the wider EEA rollout was given.
What Has BingX EU’s Chief Executive Said?
Daniel Lai, chief executive of BingX EU, said operating under MiCAR would allow the company to deliver its services within a clear regulatory framework. He said this would give users confidence while supporting the long-term development of Europe’s digital ecosystem.
The company also noted that clearer regulation may strengthen user confidence and encourage participation from institutional market participants, which forms part of its rationale for serving both retail and institutional clients.
How Does the Licence Fit the Wider MiCA Landscape?
MiCA introduced a licensing regime for crypto asset service providers across the European Union. More than 200 crypto asset companies received Crypto Asset Service Provider licences before the transition deadline of 1 July 2026, according to reporting by Payment Expert, including Kraken.
BingX EU’s authorisation therefore arrives after that transition deadline. The new licence adds the platform to the group of firms that can operate under MiCA’s single framework rather than relying on separate national regimes.
Since 1 July, firms without a full MiCA licence have been unable to serve European customers. Companies can still apply for authorisation, but they are not permitted to offer crypto asset services while an application is under review.
Binance was the largest platform without a full MiCA licence at the deadline. Its application through Greece’s Hellenic Capital Market Commission was not approved, and the exchange said it would suspend some services for European customers while seeking a licence in another jurisdiction.
Which Other Platforms Are Licensed in Austria?
Austria is one of several member states that have issued MiCA licences to large crypto firms. Bitpanda and Bybit secured their licences in Austria, while Bitstamp and Coinbase obtained theirs in Luxembourg, Kraken is regulated by the Central Bank of Ireland, and Crypto.com and OKX received authorisation in Malta.
Each licensed firm is supervised by its home regulator and can extend services across the EEA through passporting. The choice of jurisdiction therefore determines which national authority oversees a platform’s day-to-day compliance.
What Obligations Come With a MiCA Licence?
Crypto asset service providers under MiCA must meet minimum capital requirements that vary by activity, ranging from 50,000 to 150,000. Firms operating a trading platform or providing custody fall into the highest tier.
Licensed providers must also follow anti-money laundering rules, including customer due diligence, sanctions screening, suspicious transaction reporting and ongoing transaction monitoring. Board members, major shareholders and senior managers are subject to fit and proper assessments.
What Other European Crypto Regulatory Moves Are Under Way?
European regulators have continued to tighten rules on digital asset services. The European Securities and Markets Authority has told crypto firms to stop serving stablecoins that are not compliant with MiCA within three months.
On 14 October, the European Banking Authority also classified USDC as the first significant e-money token under MiCA. Together, these steps show the framework moving from initial licensing into closer supervision of both platforms and the tokens traded on them.
Austria’s FMA has become one of the regulators granting MiCA authorisations to international crypto businesses seeking a base within the European Union, with BingX EU now among them.