Posts  / #POST-233991
REDDIT

Three of the biggest exchanges in the world cant get their act together on EU compliance and somehow that's being treated as normal.

Only six days left until mica enforcement and u guys know where "big three" non compliant exchanges actually stand

binance spent five months on a greek application, got nowhere and pulled it this week to start over in an unnamed country with no timeline ,and well after already getting bounced out of the netherlands and pulling an application in germany too.

MEXC isnt even bothering with the polite version of this story itss not in ESMA's register at all,and the dutch regulator has formally warned that its operating in the eu without authorization.

But ok bitget is the most honest of the three its said outright it wont serve EEA users until its austrian application clears but a 2025 application still pending a Q2 2026 decision with days to go is its own kind of red flag.

Meanwhile bitpanda, kraken and coinbase just... did the paperwork on time and well they are not in headline coz theres no drama to cover.

three of the largest platforms on earth with years of advance notice and effectively unlimited compliance budgets are the ones scrambling, while comparatively smaller competitors sorted this out without incident. And yet 41% of European crypto app downloads in the past year went to exchanges that arent authorized , so millions of people are about to find out the hard way that biggest and compliant arent the same thing.

what do u think will they get the license