Binance chooses Greece as its EU regulatory base and submits application ahead of the MiCA deadline

According to Finance Feeds, Binance's co-CEO Richard Teng revealed that the exchange submitted an application to Greek regulators last month to obtain an operating license under the EU's Markets in Crypto-Assets Regulation (MiCA).

MiCA requires crypto companies to obtain a license to operate within the EU by July 2026. Teng stated that the MiCA license is standardized across Europe, so multiple factors such as workforce, talent pool, and security need to be considered, with Greece seen as a suitable base for expansion within the EU. The crypto market has been highly volatile over the past year, with Bitcoin dropping about 50% from its peak of $126,000 on October 12 last year. Teng noted that retail sentiment has weakened, but institutional participation remains stable, stating, "smart money, institutional funds, and long-term capital are still continuously invested."