Binance MiCA Setback Spurs Coinbase and OKX EU Market Expansion

Coinbase and OKX have rolled out new promotional campaigns for users in Europe following Binance’s decision to suspend certain EU services after it failed to secure a MiCA license before the July 1 deadline.

As part of the new offers, Coinbase is providing transfer-based rewards of up to 5% for customers in countries including Germany, Italy, and France. In parallel, OKX is offering deposit bonuses of up to 8% for eligible users across the European Economic Area, along with additional rewards to attract new sign-ups.

Meanwhile, Binance has indicated it still anticipates receiving its MiCA authorization in the coming months. OKX Europe’s general manager also said the platform recorded a sharp increase in new user registrations ahead of the regulatory transition deadline.

Source: CoinDesk