Which cryptocurrency exchanges have a MiCA (CASP) license?

The list below ranks the 100 largest cryptocurrency exchanges (by trading volume) and shows whether each one holds a MiCA license. As of 12 November 2026, 17 of the 100 largest exchanges in the world hold a CASP (Crypto-Asset Service Provider) license.

6 of the TOP 10 Verified 12 Nov 2026

List of cryptocurrency exchanges with a MiCA license

# Exchange MiCA license Country Regulator Website

binance.com

Malta

MFSA

okx.com

Bybit

Licensed

Austria

FMA

upbit.com

Luxembourg

CSSF

coinbase.com

Kraken

Licensed

Ireland

CBI

kraken.com

Gate

Licensed

Malta

MFSA

gate.com

KuCoin

Licensed

Austria

FMA

mexc.com

bitget.com

Malta

MFSA

crypto.com

Bitfinex

Not licensed

bitfinex.com

BingX

Licensed

Austria

FMA

bingx.eu

HTX

Not licensed

htx.com

Binance TR

Not licensed

trbinance.com

BitMart

Not licensed

bitmart.com

LBank

Not licensed

lbank.com

Bitstamp

Licensed

Luxembourg

CSSF

bitstamp.net

Bithumb

Not licensed

bithumb.com

XT.COM

Not licensed

xt.com

Tokocrypto

Not licensed

tokocrypto.com

bitFlyer

Licensed

Luxembourg

CSSF

bitflyer.com

Binance.US

Not licensed

binance.us

Gemini

Licensed

Malta

MFSA

gemini.com

Pionex

Not licensed

pionex.com

Toobit

Not licensed

toobit.com

Ourbit

Not licensed

ourbit.com

KCEX

Not licensed

kcex.com

CoinW

Not licensed

coinw.com

Deepcoin

Not licensed

deepcoin.com

BTCC

Not licensed

btcc.com

Binance TH

Not licensed

binance.th

Biconomy.com

Not licensed

biconomy.com

CoinEx

Not licensed

coinex.com

Zoomex

Not licensed

zoomex.com

WEEX

Not licensed

weex.com

Bitunix

Not licensed

bitunix.com

BVOX

Not licensed

bvox.com

Hotcoin

Not licensed

hotcoin.com

Poloniex

Not licensed

poloniex.com

MGBX

Not licensed

mgbx.com

BigONE

Not licensed

big.one

Hibt

Not licensed

hibt.com

OrangeX

Not licensed

orangex.com

BiFinance

Not licensed

bifinance.com

CoinUp.io

Not licensed

coinup.io

Echobit

Not licensed

echobit.com

FameEX

Not licensed

fameex.com

blofin.com

Netherlands

AFM

bitvavo.com

Coincheck

Not licensed

coincheck.com

Azbit

Not licensed

azbit.com

WhiteBIT

Licensed

Austria

FMA

whitebit.eu

Tapbit

Not licensed

tapbit.com

Phemex

Not licensed

phemex.com

UZX

Not licensed

uzx.com

HashKey Global

Not licensed

global.hashkey.com

Coinstore

Not licensed

coinstore.com

Zaif

Not licensed

zaif.jp

LATOKEN

Not licensed

latoken.com

P2B

Not licensed

p2pb2b.com

YUBIT

Not licensed

yubit.com

CoinChief

Not licensed

coinchief.live

Bitrue

Not licensed

bitrue.com

BitradeX

Not licensed

bitradex.ai

Coinone

Not licensed

coinone.co.kr

Bitso

Not licensed

bitso.com

Bitbase

Not licensed

bitbase.com

Bitkub

Not licensed

bitkub.com

Bitbank

Not licensed

bitbank.cc

CrypFine

Not licensed

crypfine.com

BTSE

Not licensed

btse.com

Luno

Not licensed

luno.com

AscendEX

Not licensed

ascendex.com

BitMEX

Not licensed

bitmex.com

Websea

Not licensed

websea.com

HashKey Exchange

Not licensed

hashkey.com

BtcTurk | Kripto

Not licensed

kripto.btcturk.com

Backpack Exchange

Licensed

Latvia

Latvijas Banka

eu.backpack.exchange

Dex-Trade

Not licensed

dex-trade.com

C-Patex

Not licensed

c-patex.com

PointPay

Not licensed

exchange.pointpay.io

VOOX Exchange

Not licensed

voox.com

Bit2Me

Licensed

Spain

CNMV

bit2me.com

MAX Exchange

Not licensed

max.maicoin.com

CEX.IO

Not licensed

cex.io

Mercado Bitcoin

Not licensed

mercadobitcoin.com.br

Koinbay

Not licensed

koinbay.com

Korbit

Not licensed

korbit.co.kr

OKJ

Not licensed

okcoin.jp

Indodax

Not licensed

indodax.com

Paribu

Not licensed

paribu.com

EXMO

Not licensed

exmo.com

BitTrade

Not licensed

bittrade.co.jp

WOO X

Not licensed

woox.io

AstralX

Not licensed

astralx.com

DigiFinex

Not licensed

digifinex.com

Tothemoon

Licensed

Cyprus

CySEC

tothemoon.com

Bullish

Licensed

Germany

BaFin

bullish.com

100

HitBTC

Not licensed

hitbtc.com

Showing the TOP 20. MiCA-licensed crypto exchanges in positions 21-100: 8.

All cryptocurrency exchanges with a MiCA license are marked with the “Licensed” symbol, and exchanges without a license are marked with the “Not licensed” symbol.

MiCA license status of the world's 100 largest crypto exchanges, compiled from the official ESMA register and verified by CASP Tracker on 12 November 2026.

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Table of contents

Licensed in the EU
Legal to use in Europe
Without a MiCA license
Numbers and timeline
Frequently asked questions

Which crypto exchanges are licensed and regulated in the EU?

The following cryptocurrency exchanges operating in the European Union are fully authorised under the Markets in Crypto-Assets (MiCA) regulation, because they hold a Crypto-Asset Service Provider (CASP) licence that lets them legally provide services in every member state. The main platforms that comply with the rules are:

OKX (Malta, MFSA)
Bybit (Austria, FMA)
Coinbase Exchange (Luxembourg, CSSF)
Kraken (Ireland, CBI)
Gate (Malta, MFSA)
KuCoin (Austria, FMA)
Crypto.com Exchange (Malta, MFSA)
BingX (Austria, FMA)
Bitstamp by Robinhood (Luxembourg, CSSF)
bitFlyer (Luxembourg, CSSF)
Gemini (Malta, MFSA)
Bitvavo (Netherlands, AFM)
WhiteBIT (Austria, FMA)
Backpack Exchange (Latvia, Latvijas Banka)
Bit2Me (Spain, CNMV)
Tothemoon (Cyprus, CySEC)
Bullish (Germany, BaFin)

As of 12 November 2026, 17 of the 100 largest exchanges were licensed and regulated in the EU.

“Regulated in the EU” has a narrow meaning here. A national financial supervisor has authorised one specific legal entity under MiCA, supervises it, and publishes that authorisation in the ESMA register. The authorisation then passports across the EEA, so a single licence covers every market the provider notifies.

A licence from outside the EU does not carry over. An exchange regulated in the United States, Dubai or Singapore is not thereby allowed to serve EU clients, which is why several globally regulated brands still carry a red badge in the table above. Only an entry in the ESMA register counts.

Which crypto exchange can I legally use in Europe?

Any of the 17 green-badged exchanges above. A MiCA authorisation is valid across the EU and EEA, so the country that issued it (Malta, Austria, Ireland and others) does not limit who may use the exchange.

Two things are worth checking before you sign up. First, that you are on the EU entity's site: the licensed company usually runs its own domain, such as bybit.eu rather than bybit.com, and only that entity is covered by the license. Second, that the provider has notified your country as a market it serves, because passporting is a notification rather than an automatic switch. More on this: crypto licenses in Europe by country.

Which exchanges from the TOP 100 hold no MiCA license?

Binance (restricted services for EEA users from 1 July 2026) more
Upbit more
MEXC (on the ESMA crypto warning list, reported by AFM) more
Bitget (license application pending) more
Bitfinex
HTX
Binance TR
BitMart
LBank
Bithumb
XT.COM

Since 1 July 2026 an exchange without a MiCA authorisation may not legally take on new clients in the EU or EEA. A missing register entry is not proof of wrongdoing, but a license cannot be confirmed in the register either. The other unlicensed exchanges are in the table above.

How many of the TOP 100 crypto exchanges are MiCA licensed?

17 of the TOP 100 hold a MiCA (CASP) authorisation, including 6 of the TOP 10 by trading volume. Cross-checked against all 404 entries in the ESMA register, verified 12 November 2026.

Licensing hubs: Austria (4) · Malta (4) · Luxembourg (3) · Cyprus (1) · Germany (1) · Spain (1) · Ireland (1) · Latvia (1) · Netherlands (1).
First mover: the first of them to be authorised was OKX, on 27 January 2025.

Cumulative number of TOP 100 exchanges with a MiCA (CASP) authorisation, split by the country whose regulator granted it. The first came on 27 January 2025 (OKX, Crypto.com Exchange), reaching 17 of 100 today. Source: ESMA register, verified 12 November 2026.

Which TOP 100 exchanges have a MiCA (CASP) license, and since when

All 17 of them, oldest licence first, with the regulator that granted it. The number after a name is the exchange's rank by trading volume, and the colour of the dot is its licensing country from the chart above.

27 Jan 2025OKX#2Malta, MFSA
27 Jan 2025Crypto.com Exchange#11Malta, MFSA
15 May 2025Bitstamp by Robinhood#18Luxembourg, CSSF
28 May 2025Bybit#3Austria, FMA
20 Jun 2025Coinbase Exchange#5Luxembourg, CSSF
25 Jun 2025Kraken#6Ireland, CBI
26 Jun 2025Bitvavo#50Netherlands, AFM
21 Aug 2025Gemini#24Malta, MFSA
4 Sept 2025Bullish#99Germany, BaFin
29 Sept 2025Gate#7Malta, MFSA
31 Oct 2025Bit2Me#84Spain, CNMV
27 Nov 2025KuCoin#8Austria, FMA
27 May 2026Backpack Exchange#79Latvia, Latvijas Banka
18 Jun 2026WhiteBIT#53Austria, FMA
26 Jun 2026bitFlyer#22Luxembourg, CSSF
29 Jun 2026Tothemoon#98Cyprus, CySEC
13 Oct 2026BingX#13Austria, FMA

Frequently asked questions

Which cryptocurrency exchanges have a MiCA license?

Of the world's 100 biggest exchanges by trading volume, 17 currently hold a MiCA (CASP) license in the official ESMA register. The list above shows the status of each one and links every licensed exchange to its entry in our directory.

Which crypto exchanges are MiCA compliant?

As of the last sync, 17 of the TOP 100 are MiCA compliant, including Coinbase, Kraken, Bybit and OKX, as well as Crypto.com and KuCoin. In practice, MiCA compliant means the exchange holds a CASP authorisation from an EU regulator; the table above shows the full list with statuses.

What is a MiCA (CASP) license?

A MiCA license (also called a CASP authorisation, for Crypto-Asset Service Provider) is the authorisation required under the EU's MiCA regulation to legally offer crypto-asset services to clients in the EU and EEA. It is granted by a national regulator and published in the official ESMA register.

How can I check if a crypto exchange has a MiCA license?

Search the official ESMA register, or use our directory: it lets you look up all 404 authorised CASPs by name or website domain. This page focuses on the 100 biggest exchanges, while the directory covers every licensed provider.

Does a crypto exchange need a MiCA license to operate in the EU?

Yes. Once the national MiCA transition periods end (by 1 July 2026), only firms with a MiCA (CASP) license may keep serving clients in the EU and EEA. An exchange missing from the ESMA register may not be authorised to operate.

Is a MiCA-licensed exchange safer than an unlicensed one?

It is better protected, not risk-free. A MiCA licence means the firm holds the minimum capital set for the services it offers (€50,000, €125,000 or €150,000), must keep client crypto-assets separate from its own, must run a complaints procedure, and answers to a named EU regulator you can escalate to. An unlicensed exchange gives an EU client none of those routes. What the licence does not do is guarantee your money: MiCA has no equivalent of the bank deposit guarantee, and a licensed exchange can still fail or be hacked.

How does MiCA affect cryptocurrency exchanges?

MiCA replaces national crypto rules with one EU-wide licensing regime. An exchange must obtain a MiCA (CASP) authorisation from a national regulator to serve EU/EEA clients, meet capital and custody requirements, and its entry appears in the public ESMA register. Exchanges without the licence had to stop onboarding EU clients once the national transition periods ended (1 July 2026 at the latest).

How is this ranking built and what does “regulated in the EU” mean?

The table joins two sources: the world's 100 biggest exchanges by trading volume, and the ESMA MiCA (CASP) register. We do not rate exchanges; the licence column is a fresh lookup on every build.

Where the ranking comes from

Positions 1-100 follow trading volume, reflecting what people actually use, not our picks. The ranking moves slowly, but the licence status is re-derived every build, so a badge can flip without the position changing.

How an exchange is matched to its MiCA licence

An exchange counts as licensed only when its brand is tied to a specific ESMA-registered legal entity, verified by hand. That entity is often not the global brand, e.g. Kraken's licence belongs to Payward Europe Solutions Limited. Near-matches are rejected on purpose: WHITE TECH (Croatia) is not WhiteBIT, whose real licence belongs to WB-Shields Innovations GmbH.

What each column shows

# position in the trading-volume ranking.
Exchange the brand the exchange trades under.
MiCA license green when a matching CASP authorisation exists in the ESMA register, red when we found none.
Country the EU or EEA state whose regulator granted the licence.
Regulator the national authority that granted it.
Website the EU entity's domain for licensed exchanges, the global site for the others.

The Details button at the end of each row opens the rest:

Licensed entity the EU legal entity that holds the licence, often not the global brand.
Licensed since the authorisation date in the ESMA register.
Leverage margin and futures leverage offered to EU clients, where we have verified figures.
FIAT the currencies accepted for deposits and withdrawals.
Bonus offer shown when a promotion is running, and marked in the row by a gift icon. Those links are sponsored and have no effect on the licence column.

What a red badge does and does not mean

A red badge means one thing only: on the day of the last sync we found no matching MiCA (CASP) authorisation in the ESMA register. It is not proof of wrongdoing. The exchange may have an application in progress, may serve EU users through a partner, or may simply have left the EU market. It is still the fact that matters most to an EU user, because since 1 July 2026 an exchange without that authorisation may not legally take on new clients in the EU or EEA.

How often this page is updated

We re-download the official ESMA registers, compare them byte for byte against our copies and rebuild the site whenever anything differs. The verified date on this page (12 November 2026) is the last time that check ran, not the last time the data changed, so an unchanged date means the register was checked and found identical. The procedure is documented as the CASP Tracker Verification Protocol.

Your choice is wider than this ranking

The ranking covers the 100 biggest exchanges by volume, while the register holds 404 authorised providers in total, including brokers, banks and payment firms that offer crypto services alongside their main business.

Some exchanges are actively flagged by EU regulators for operating without a license: see the ESMA crypto warning list.

Verify on the official ESMA register

Looking for a different provider?

Search all 404 licensed CASPs by name, domain, country and service in the full MiCA license list.

Open the directory