WuBlockchain
BingX EU, operated by MEGE zweite GmbH, has obtained a Crypto-Asset Service Provider license from Austria’s Financial Market Authority under the EU’s Markets in Crypto-Assets Regulation. Once relevant passporting arrangements are complete, the company will be able to offer regulated broker services in 29 European Economic Area countries.
Why it matters
The license gives BingX EU a regulatory foothold in Austria and a route to expand services across the EEA under MiCA. The cross-border reach remains conditional on completing passporting arrangements.
Market impact
The planned services include crypto-asset custody, exchange and other crypto services. The announcement concerns regulatory access and service scope; it does not specify when offerings will begin in each country.
Frequently asked questions
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Which authority granted BingX EU its CASP license?
Austria’s Financial Market Authority granted the license under the EU’s Markets in Crypto-Assets Regulation.
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How many EEA countries could BingX EU serve?
BingX EU says it could offer regulated broker services across 29 EEA countries, subject to completing passporting arrangements.
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What must happen before BingX EU can expand across the EEA?
The company must complete the relevant passporting arrangements before offering services across the 29 countries.
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What services does BingX EU plan to offer?
The planned services include crypto-asset custody, exchange and other crypto services.
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What is the role of MiCA in BingX EU’s expansion?
The Austrian CASP license was granted under MiCA and provides a regulatory route for planned services across the EEA, subject to passporting.
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