Crypto exchanges Coinbase and OKX are offering bonuses after Binance told some European Union customers it would suspend some services because it would not have a Markets in Crypto-Assets (MiCA) license by July 1.

Coinbase offered a 5% transfer bonus to new users in Germany, France, Italy, Belgium, Poland, Sweden, and the UK until July 13.

OKX said eligible users in the European Economic Area (EEA) could get welcome bonuses and deposit matching of up to 8%.

Under MiCA, crypto firms need authorisation from one EU member state to provide services across the bloc. Without it, they must wind down EU activities.

Binance said it could no longer accept new registrations and would restrict some services, while keeping customer assets accessible.

The company has not publicly named the EU country where it will seek approval after withdrawing its Greek application.

Coinbase has also secured authorization in Luxembourg that it said allows it to offer MiCA-regulated crypto services across the EEA.

🔗 Source: CoinDesk