Crypto Exchanges Intensify Battle for European Market Amid MiCA Rollout
With the EU’s MiCA regulation now fully in effect, global crypto exchanges are rapidly expanding into Europe to secure market share under the newly harmonized legal framework. Major players like OKX, Coinbase, Bybit, and Crypto.com have obtained MiCA licenses, granting them access across the European Economic Area. OKX has established its regional hub in France, while Bybit has chosen Austria as its European base. At the same time, institutional-focused firms like BitGo and Bitpanda are challenging legacy custodians with strong regulatory backing. As competition stiffens, exchanges face pressure to meet MiCA’s strict compliance standards, including AML protocols, operational transparency, and consumer protections. Trading volumes are surging, particularly among licensed platforms, setting the stage for potential market consolidation and accelerated institutional adoption.
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