Binance has continued serving and onboarding some European Union customers without Markets in Crypto-Assets, or MiCA, authorization more than two months after the regime began applying to crypto service providers on July 1, 2026. The exchange has relied on an interpretation of reverse solicitation, which permits unlicensed firms to serve customers who independently approach them, while some EU trading has reportedly been routed through a Binance entity in Abu Dhabi. Binance withdrew its Greek licensing application on June 16, before a scheduled June 17 board discussion by the Hellenic Capital Market Commission, and says it will seek authorization in another EU member state. People familiar with the matter said European Central Bank President Christine Lagarde worked behind the scenes to prevent Greek approval. ESMA has sought confirmation that Binance is winding down its EU business appropriately, while national regulators are responsible for enforcement. Kaiko data showed Binance retained more than 45% of global spot trading in late August, and its 3% to 4% share of euro-denominated volume was broadly unchanged from before July 1. The exchange's next licensing jurisdiction remains unconfirmed, leaving its EU footprint dependent on regulators' treatment of its current arrangements.