Around 1,000 Crypto Companies Face Shutdown in the EU as MiCA Deadline Hits on 1 July

▤ Summary

MiCA’s July 1 deadline will force many EU crypto firms to either secure authorization or exit the market. ESMA says only about 210 of more than 1,200 previously registered providers held full authorization by May, leaving most companies at risk of shutdown. Unlicensed providers must stop onboarding new clients, limit services to orderly wind-down activities, and communicate clearly with customers. Licensed firms such as Bitpanda, Coinbase, Kraken, Revolut, and Bitvavo can use the passporting regime to expand across the EU, while Binance faces a major compliance and relocation decision.

▦ Linked Companies

Bitpanda

$100M to $250M