DefiLlama said exchanges without MiCA authorization, including Binance, are halting services for millions of European users as licensed platforms such as OKX, Coinbase, Crypto.com and Kraken remain available.
The European Union's MiCA transitional deadline has arrived, prompting unlicensed exchanges to suspend services for millions of Europeans. Binance was cited among the platforms affected, while licensed exchanges listed as available included OKX, Coinbase, Crypto.com and Kraken. DefiLlama also said it built a dashboard to help European users compare MiCA-compliant exchanges. MiCA (European Union crypto-asset rules) is the bloc's framework for regulating crypto service providers, and the deadline matters because exchanges generally need authorization to continue operating across the region.