Cryptocurrency exchange BingX has secured a Markets in Crypto-Assets Regulation (MiCA) license through its European subsidiary MEGE zweite GmbH after Austria’s Financial Market Authority (FMA) approved four crypto services on October 13. The decision was published by the regulator on October 14 and enables BingX EU to plan regulated broker and custody services across 29 countries in the European Economic Area, subject to passporting requirements.
The approval covers custody and administration of crypto assets, exchanges between cryptocurrencies and conventional money, crypto-to-crypto exchanges, and digital asset transfer services. The regulator’s published list does not include operating a multilateral crypto trading platform, portfolio management, investment advice, or leveraged derivatives contracts.
BingX EU announced the development on October 14, stating that the license would support services for individual and institutional customers across Europe. Chief executive Daniel Lai said: “Our priority is to provide European users with trusted and locally regulated trading experience.” He added that operating under MiCA would provide a common regulatory framework covering security, transparency, and accountability. The company has not announced a launch date or identified which EEA market would receive services first.
The license follows a June 16 update in which BingX confirmed that its European subsidiary had submitted an application to Austria’s FMA and was responding to regulatory questions. The approval arrives after the EU’s final MiCA transition deadline on July 1, 2026. Several other crypto firms have also secured Austrian MiCA authorizations, including AMINA in November 2025 and WhiteBIT EU in June 2026, while B2C2 received approval in Luxembourg in May 2026.
