Unlicensed MiCA Exchanges: List of Those That Cannot Operate After July 1, 2026

A continuación se presentan los exchanges sin licencia CASP confirmada bajo el Reglamento MiCA (UE) 2023/1114, verificados a 3 de julio de 2026:

Estado MiCA de Exchanges — Actualizado 3 julio 2026
# Exchange Status Regulatory Situation
01BinanceWithout LicenseRetiró solicitud en Grecia el 24/06/2026, tras dudas de HCMC, Irlanda y Letonia sobre su estructura
02MEXCWithout LicenseNo application is known to have been filed in any Member State
03HTX (Huobi)Without LicenseNo application is known to have been filed in any Member State
04PhemexWithout LicenseNo application is known to have been filed in any Member State
05BingXWithout LicenseNo application is known to have been filed in any Member State
06PoloniexWithout LicenseNo application is known to have been filed in any Member State
07DigiFinexWithout LicenseNo application is known to have been filed in any Member State
08LBankWithout LicenseNo application is known to have been filed in any Member State
09CoinExWithout LicenseNo application is known to have been filed in any Member State
10BitmartWithout LicenseNo application is known to have been filed in any Member State
11KuCoin (global)Without LicenseKuCoin EU is licensed; the global entity is not
12Bybit (global)Without LicenseBybit EU is licensed; the global entity is not
Nota: Gate.io se eliminó de esta lista — su entidad europea (Gate Technology Ltd, Malta) obtuvo licencia MiCA el 29/09/2025 y licencia de Entidad de Pago (PI) en 2026. La situación regulatoria cambia con frecuencia; comprueba siempre el registro oficial de ESMA antes de mover fondos.

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

There is no risk of direct loss arising from MiCA itself. The real risk is operational: progressive restrictions on deposits and withdrawals, loss of functionality, and the absence of the guarantees regarding custody and segregation of funds that the regulation requires of authorized platforms. If something goes wrong on an unlicensed platform, there will be no European oversight to protect you.

The most prudent course of action is to withdraw your funds to an exchange with a confirmed CASP license or to a personal self-custody wallet before June 30. If you decide to wait, keep in mind that the migration process will be determined by the platform, not by you, and that the terms and conditions may become less favorable the longer you wait.

Yes. Not having a license as of July 1 is not a permanent ban. If an exchange obtains CASP authorization in any member state after that date, it can resume its operations with European users on the very day it obtains it. What it cannot do is continue to provide services during the period when it lacks authorization.

No. MiCA regulates centralized service providers that act as custodial intermediaries. Fully decentralized protocols, such as Uniswap, Aave, or Curve, fall outside the scope of the regulation when accessed directly from a user’s own wallet, without any centralized intermediary involved.

Check out our complete list of MiCA-regulated exchanges in Europe featuring the 21 verified platforms with confirmed CASP licenses as of today, and the best MiCA-licensed alternatives to Binance if you’re looking for a place to move your funds.

Este artículo se actualiza periódicamente conforme evoluciona la situación regulatoria. Última actualización: 3 de julio de 2026.

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