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MiCA regulation drives Coinbase, Ripple, and licensed firms to gain EU crypto users post-Binance exit

Market News
16 Jul 2026
Coingape
View Source
Bullish
MiCA regulation drives Coinbase, Ripple, and licensed firms to gain EU crypto users post-Binance exit

The EU's Markets in Crypto-Assets (MiCA) regulation fully took effect on July 1, 2026, ending a transitional period for non-compliant crypto platforms. Major players like Coinbase, Ripple, and Bitstamp secured licenses in Luxembourg, becoming key gateways to the EU's regulated crypto market. Binance withdrew its Greek license and suspended services in several EU countries, creating user migration opportunities. Ripple and Coinbase are positioned to capture stablecoin market share left by USDT's EU exit, with compliant stablecoins USDC and RLUSD gaining prominence. This regulatory shift is expected to boost European revenue for Coinbase and expand Ripple's payment services under full compliance.

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