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Gate offers up to 10% deposit rewards to attract Binance's displaced EU users
Binance exits France, Italy, Spain, Poland by July 1 after MiCA deadline. Gate.io's 10% deposit bonus for new EU users comes with caveats on eligibility and lock-up periods.
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Gate.io is dangling deposit rewards of up to 10% for new EU users as Binance prepares to exit four major European markets by July 1. The offer targets traders displaced by Binance's withdrawal from France, Italy, Spain, and Poland after the EU's Markets in Crypto-Assets regulation deadline.
Binance will stop providing crypto services in those countries on July 1. The MiCA framework required exchanges to obtain proper authorization by June 30. Binance withdrew its MiCA application in Greece, citing timing issues that made approval before the cutoff unrealistic. Without that authorization, the exchange cannot legally operate in the affected markets.
Gate.io's deposit rewards campaign offers up to 10% on deposits for new EU users. Specific eligibility criteria, deposit caps, and whether the reward comes as trading credits or withdrawable funds remain unclear as of late June. The exchange has not disclosed the program's duration.