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Coinbase and Ripple gain EU-wide crypto licenses as Binance scales back post-MiCA deadline.

Market News
16 Jul 2026
Crypto news
View Source
Bullish
Coinbase and Ripple gain EU-wide crypto licenses as Binance scales back post-MiCA deadline.

Coinbase and Ripple have secured licenses in Luxembourg granting them EU-wide access under the new MiCA regulations, which took effect July 1. This regulatory shift forced Binance and other unlicensed platforms to reduce services, creating an opportunity for licensed exchanges to attract migrating customers. Coinbase incentivized transfers from non-compliant platforms with a 5% bonus, while Ripple's authorization allows it to expand regulated payment and stablecoin services across Europe. The changes also open space for stablecoins like USDC and RLUSD as USDT faces restrictions, potentially impacting regional revenues and crypto adoption in the EU market.

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