Coinbase, OKX and Gate are competing for users displaced by the changes, offering deposit bonuses of up to 10% as Europe’s new crypto regime fully kicks in.
MiCA, the European Union’s new crypto rulebook, took full effect today, triggering immediate changes in how exchanges operate in the region. Binance halted new EU sign-ups, deposits and Earn products, while Coinbase, OKX and Gate moved to attract affected users with deposit bonuses of up to 10%. The shift underscores how the bloc’s licensing and compliance framework is reshaping competition among trading platforms as firms adjust their product access and onboarding in response to the new rules.