According to a Reuters report, the Greek financial authority HCMC is poised to deny a crypto license application from the largest crypto exchange in the world.
By Ian Allison|Edited by Aoyon Ashraf Jun 16, 2026, 2:55 p.m. 1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Binance sign (modified by Coindesk)SummaryShow- Crypto companies must secure a MiCA license to operate in the EU by the end of this month.
- Binance asserts that the HCMC has reviewed its application and found it compliant with MiCA standards.
Binance, the largest cryptocurrency exchange globally, could face challenges in servicing European customers if its license application in Greece is denied, as stated in a report by Reuters on Tuesday.
The application for a Markets in Crypto Assets (MiCA) license, which is required to be approved by the end of this month, is reportedly set to be rejected by the Hellenic Capital Market Commission (HCMC), according to the report, which cites two insiders.
Over the past 18 months, Binance has been actively seeking a MiCA license, engaging in an extensive application process with the HCMC in Greece.
A Binance representative informed CoinDesk via email, "Our understanding is that the HCMC has concluded its review and deemed our application compliant with MiCA requirements, also indicating that it was reviewed at the ESMA level."
The representative further noted that "HCMC communicated to ESMA that they view the application as compliant and plan to advance the licensing process to authorize it in an upcoming Board meeting."
Initially, Binance selected Greece for its MiCA jurisdiction after speculation suggested it might opt for a license in Malta, where it previously had offices. The exchange established a holding company in Greece as part of its license application, as reported by Greek media late last year.
The Hellenic Capital Market Commission has not yet responded to requests for comments.
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
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