The following exchanges do not hold a confirmed CASP licence under the MiCA Regulation (EU) 2023/1114, verified as of 3 July 2026:
| # | Exchange | Status | Regulatory Situation |
|---|---|---|---|
| 01 | Binance | Without License | It withdrew its application in Greece on June 24, 2026, following concerns raised by HCMC, Ireland, and Latvia regarding its structure. |
| 02 | MEXC | Without License | No application is known to have been filed in any Member State. |
| 03 | HTX (Huobi) | Without License | No application is known to have been filed in any Member State. |
| 04 | Phemex | Without License | No application is known to have been filed in any Member State. |
| 05 | BingX | Without License | No application is known to have been filed in any Member State. |
| 06 | Poloniex | Without License | No application is known to have been filed in any Member State. |
| 07 | DigiFinex | Without License | No application is known to have been filed in any Member State. |
| 08 | LBank | Without License | No application is known to have been filed in any Member State. |
| 09 | CoinEx | Without License | No application is known to have been filed in any Member State. |
| 10 | Bitmart | Without License | No application is known to have been filed in any Member State. |
| 11 | KuCoin (Global) | Without License | KuCoin EU is licensed; the global entity is not. |
| 12 | Bybit (Global) | Without License | Bybit EU is licensed; the global entity is not. |
What does it mean if an exchange does not have a MiCA license as of July 1, 2026?
MiCA (Markets in Crypto-Assets, EU Regulation 2023/1114) is the legal framework through which the European Union, for the first time, uniformly regulates all crypto-asset service providers. As of July 1, 2026, any centralized exchange operating without a CASP (Crypto-Asset Service Provider) license will be operating illegally within the European Economic Area.
This has direct consequences for users. An unlicensed exchange is not required to segregate your funds from the company’s operating capital, is not accountable to any European regulator, is not subject to the transparency and custody requirements mandated by MiCA, and cannot be supervised by the CNMV or any other EU authority. In the event of problems, users do not have any of the protections that the regulation guarantees on authorized platforms.
The transition period ends on June 30, 2026. Unlicensed exchanges must either cease doing business with EU users or implement an orderly migration plan that allows their customers to withdraw their funds. Failure to do so constitutes a violation of European law, with the regulatory consequences and real financial risks that this entails for users who continue to trade on these platforms.
Important: Global entity vs. European entity. Some exchanges on this list, such as KuCoin, Gate.io, and Bybit, have established separate European entities that do hold a CASP license. The global entity and the European entity are legally distinct. If your account is with the global entity, you are not covered by the European entity’s license. Always check which entity your account is registered with before assuming you are covered by MiCA.
FAQ: Frequently Asked Questions About Unlicensed MiCA Exchanges
This article is updated regularly as the regulatory landscape evolves. Last updated: 3 July 2026.