Binance Says Greek Regulator Found MiCA Application Compliant

Binance said the Hellenic Capital Market Commission considered its Markets in Crypto Assets license application compliant with the regulation, contradicting a Reuters report that the Greek regulator plans to reject the bid before a July deadline.

The exchange's application with Greece, its chosen European jurisdiction under MiCA, was reviewed by the HCMC and deemed compliant, a Binance spokesman told CoinDesk via email. The spokesman added that “HCMC informed ESMA that it was their view that the application was compliant and that they intended to progress the licence and move to authorise at an upcoming Board meeting.” Reuters reported Tuesday, citing two people familiar with the process, that the application was expected to be rejected. The HCMC did not respond to a request for comment.

The application is Binance's path to continue serving EU customers under the bloc's new regime, which takes full effect July 1. Greece became the preferred jurisdiction after speculation that the exchange might seek a license in Malta, where it previously had offices. Greek media reported last year that Binance established a local holding company as part of the application.

The exchange faces separate headwinds. In May, combined spot and derivatives volumes across all exchanges fell 3.45% to $4.41 trillion, the lowest monthly reading since September 2024. Real-world asset perpetual futures volumes rose 10.4% against that trend, hitting a new all-time high, data from the source shows.

The HCMC board could vote on the license at a meeting before the July deadline.