- Coinbase and OKX moved quickly to court Binance’s European users after Binance said it would suspend some services in the European Union because it lacks a MiCA license by the July 1 deadline.
- Coinbase, which says it has been MiCA-licensed since 2025, is offering a 5 percent transfer bonus to new users in several major European markets and the U.K. who move funds to the platform before July 13.
- OKX is pitching itself as a long-term regulated alternative in Europe with one of its largest welcome campaigns, including bonuses and deposit matching of up to 8 percent for eligible users in the European Economic Area, as Binance works to secure a MiCA license after withdrawing its Greek application.
Coinbase and OKX are offering sign-up bonuses to users after reports broke out that rival exchange Binance told its users in the European Union (EU) it is suspending some services because it will not have a Markets in Crypto-Assets (MiCA) license in place by July 1.
Brian Armstrong, CEO and founder of Coinbase, wrote on X Friday evening offering users in Germany, France, Italy, Belgium, Poland, Sweden and the U.K. sign up bonuses. He pointed to his firm’s website where the offers were explained in more detail.
“Coinbase has been MiCA licensed since 2025 and offers unified global liquidity across spot and derivatives,” the crypto exchange says in its offer to new users.
“We’re offering a 5% transfer bonus for people moving funds to Coinbase before July 13th,” it adds.
Star Xu, OKX founder and CEO, also offered bonuses to new users in Europe in an X post on Saturday saying that MiCA marks the start of a new era for crypto in the region.
