BingX EU Secures Austrian MiCAR License for Regulated Crypto Services Across EEA

BingX EU, operating under the entity MEGE zweite GmbH, has obtained a Markets in Crypto-Assets Regulation (MiCAR) license from Austria’s Financial Market Authority (FMA). This license permits the platform to offer regulated crypto services across the 29 countries of the European Economic Area (EEA), though full service rollout is pending passporting arrangements.

The acquisition of the MiCAR license represents a significant milestone in BingX’s European expansion, reflecting a commitment to responsible growth, according to BingX EU. The authorization allows the company to provide services such as crypto custody and exchange within a defined regulatory framework.

MiCAR, the EU’s comprehensive regulation for crypto-asset markets, aims to foster regulatory clarity, bolster user confidence, and encourage institutional participation in the digital asset sector. BingX EU stated that operating under MiCAR will enable it to combine innovation with high standards of security, transparency, and accountability, aligning with the expectations of European users and institutions.

“Our priority is to provide European users with a trusted and locally regulated trading experience,” said Daniel Lai, Chief Executive Officer of BingX EU. “Operating under MiCAR will allow us to deliver our services under a clear regulatory framework that gives users confidence while supporting the long-term development of Europe’s digital ecosystem. It also enables us to combine innovation with the high standards of security, transparency and accountability that European users and institutions expect.”

Headquartered in Vienna, BingX EU is licensed as a Crypto-Asset Service Provider (CASP) under MiCAR. The company plans to continue working with Austria’s FMA and other European regulators as it prepares to launch its regulated services across the EEA, emphasizing its commitment to compliant, secure, and transparent access to digital asset services.

Globally, BingX, founded in 2018, serves over 40 million users and has established partnerships, including being the Principal Partner of Chelsea FC since 2024 and the Official Team Partner of Scuderia Ferrari HP starting in 2026.

This content is issued by MEGE zweite GmbH (BingX EU) as a marketing communication under MiCAR and does not constitute investment advice. The full extent of services across the EEA is contingent upon the completion of passporting arrangements.

Why This Matters

The materials describe a narrow update: BingX EU, operating as MEGE zweite GmbH, has been granted a Markets in Crypto-Assets Regulation (MiCAR) license by the Austrian Financial Market Authority (FMA). Passporting arrangements for offering services across all 29 EEA countries are subject to ongoing processes.

Broader Context

Source materials place the announcement in this context: BingX EU (MEGE zweite GmbH) has secured its Markets in Crypto-Assets Regulation (MiCAR) license from Austria’s Financial Market Authority (FMA), that may enable the platform to offer regulated crypto services across 29 countries of the European Economic Area (EEA), subject to ongoing passporting arrangements.