GMX defies EU MiCA rules, staying open to all users while others restrict access.

As of July 1, 2026, the EU's Markets in Crypto-Assets (MiCA) regulations require centralized crypto platforms to restrict user access and comply with strict rules. However, GMX, a decentralized perpetual exchange, announced it remains open to all users, including those in the EU, due to its decentralized nature and lack of a central operator. This highlights a regulatory divide where decentralized platforms may gain an edge over centralized ones facing compliance challenges. Market activity also suggests that regulatory pressures like MiCA could limit Bitcoin's future price growth, affecting overall market dynamics in the EU.