Bybit tightens EEA access ahead of MiCA deadline

Prediction-market operators have increasingly moved to own more of their trading infrastructure, setting the stage for an acquisition wave across crypto exchanges, sportsbooks, brokerages and trading venues, according to Bernstein. According to a research report published by Bernstein on Monday,…

Several exchanges that have already been authorized by EU regulators are attempting to bring in users from companies unlicensed under the Markets in Crypto-Assets rules, offering transfer bonuses and prizes.

OKX is offering EEA users deposit bonuses of up to 8% and Coinbase has launched a parallel transfer bonus for subscribers in eight European markets, as both licensed exchanges compete to capture users displaced by Binance's July 1 MiCA wind-down.

Binance's EU exit highlights the impact of political influence on regulatory processes, affecting market dynamics and stablecoin accessibility. The post Binance founder CZ says MiCA application was near approval before political intervention appeared first on Crypto Briefing.

Bybit's shift highlights the increasing regulatory complexity in Europe, potentially limiting market entry and consolidating major exchanges. The post Bybit ceases crypto trading services for European Economic Area users on global platform appeared first on Crypto Briefing.

The EU’s MiCA transition ends July 1, requiring crypto firms to hold CASP licenses as investors reassess platform compliance and regulatory status. The EU’s 18-month grace period for crypto firms is closing. With 83% of previously registered exchanges still unlicensed,…

MiCA crypto licensing data shows 244 approved companies across EU and EEA jurisdictions, led by Germany with France and the Netherlands also among top hubs ahead of July 1 cliff.

Bybit and OKX Proof of Reserves show user BTC holdings rose over 10% while USDT balances fell, pointing to a shift in exchange assets.