BingX EU secures MiCAR license for 29 EEA crypto services

A Vienna Base Joins a Growing List

Austria has quietly become a preferred entry point for large global exchanges setting up dedicated EU entities, following a path similar to crypto bank AMINA, which won its own Austrian CASP license through a local subsidiary last year. BingX EU, headquartered in Vienna, says the license reflects a long-term push for regulated growth in Europe, with the MiCAR framework giving the company a single rulebook to operate under instead of navigating separate national regimes, something rivals like Binance have faced scrutiny over in the past when leaning on exemptions rather than full licensing.

The company plans to offer custody, exchange, and brokerage services to retail and institutional users once it launches, though it has not confirmed a start date. BingX EU said it will keep working with Austria’s FMA and other European regulators as it prepares the rollout.

What BingX Brings to the License

• Parent company BingX was founded in 2018 and serves more than 40 million users globally
• BingX became Principal Partner of Chelsea FC in 2024
• It added Official Team Partner status with Scuderia Ferrari HP in 2026

Daniel Lai, CEO of BingX EU, said delivering a trusted, locally regulated trading experience is the company’s priority, adding that operating under MiCAR gives users a clear regulatory framework and supports the development of Europe’s digital asset ecosystem while combining innovation with strong security and transparency standards.

For now, the license gives BingX EU a regulated foundation to build on rather than an immediate green light to trade. The passporting arrangements that unlock all 29 EEA markets still need to be finalized country by country, which is typically where the real timeline for European exchanges gets decided.