Coinbase and OKX try to lure in Binance’s 450 million EU users after it failed to secure a MiCA license
Brian Armstrong of Coinbase and Star Xu of OKX offered new users sign up bonuses of up to 8% of their deposits or transfers from other accounts.
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Summary
- Coinbase and OKX moved quickly to court Binance’s roughly 450 million European users after Binance said it would suspend some services in the European Union because it lacks a MiCA license by the July 1 deadline.
- Coinbase, which says it has been MiCA-licensed since 2025, is offering a 5 percent transfer bonus to new users in several major European markets and the U.K. who move funds to the platform before July 13.
- OKX is pitching itself as a long-term regulated alternative in Europe with one of its largest welcome campaigns, including bonuses and deposit matching of up to 8 percent for eligible users in the European Economic Area, as Binance works to secure a MiCA license after withdrawing its Greek application.
