--- title: "BingX EU Secures MiCA License From Austria's Financial Market Authority" description: "The authorization through Vienna-based MEGE zweite GmbH enables passported digital asset services across 29 European Economic Area nations." url: https://basisdesk.news/news/bingx-eu-secures-austrian-mica-license published: 2026-10-14T16:06:17.789Z modified: 2026-10-14T16:06:17.789Z section: Regulation & Policy author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: neutral tickers: [BTC, ETH] tags: [MiCA, Austria, BingX, CASP, EEA, Regulation] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # BingX EU Secures MiCA License From Austria's Financial Market Authority The authorization through Vienna-based MEGE zweite GmbH enables passported digital asset services across 29 European Economic Area nations. ## At a glance - **What happened:** BingX EU entity MEGE zweite GmbH secured a MiCA license from Austria's Financial Market Authority on Oct. 14. - **Why it matters:** The authorization enables the platform to offer regulated crypto custody and exchange services across 29 EEA states via passporting. - **Who is affected:** BingX EU, retail and institutional digital asset traders in the European Economic Area, and Austrian financial regulators. - **What's next:** BingX EU will coordinate with Austria's FMA and regional regulators to finalize passporting and launch services across the EEA. - **Status:** final - **Primary source:** [BingX EU Secures MiCAR License, Advancing Regulated Crypto Services Across Europe](https://www.prnewswire.com/news-releases/bingx-eu-secures-micar-license-advancing-regulated-crypto-services-across-europe-302908799.html) — PR Newswire ## Key points - BingX EU (MEGE zweite GmbH) secured a MiCA license from Austria's Financial Market Authority on Oct. 14. - The authorization permits regulated crypto brokerage, exchange, and custody services across 29 EEA countries, pending passporting. - The Vienna-headquartered entity plans to serve both retail and institutional clients under the European framework. ## Editorial remark - **Context:** The European Union's MiCA regulatory framework establishes unified CASP licensing and prudential standards across the European Economic Area, replacing fragmented national registration systems. - **Impact:** BingX gains a compliant gateway to offer custody, exchange, and brokerage services across 29 EEA nations without maintaining separate licenses in each member state. - **Watch:** Completion of cross-border passporting procedures with EEA national competent authorities and the subsequent launch of regulated European trading services. Cryptocurrency exchange operator BingX announced on Oct. 14 that its European entity, MEGE zweite GmbH, secured a license under the Markets in Crypto-Assets Regulation (MiCA) from Austria's Financial Market Authority (FMA) [1]. Headquartered in Vienna, the entity received authorization as a Crypto-Asset Service Provider (CASP) [1]. The regulatory approval will allow the company to roll out regulated brokerage services, including crypto custody and exchange operations, across 29 European Economic Area (EEA) member states, subject to pending passporting procedures [1]. The authorization aligns with the wider enforcement of [MiCA's unified crypto rulebook](https://basisdesk.news/news/mica-explained), designed to streamline cross-border compliance and strengthen consumer protection across the European Union [1]. ## Expansion Across the EEA BingX EU plans to deploy compliant products directed at both retail and institutional market participants throughout the bloc [1]. Daniel Lai, chief executive officer of BingX EU, said that operating under the MiCA framework allows the platform to combine service innovation with regional standards for security, transparency, and accountability [1]. BingX said it will coordinate with the Austrian FMA alongside other regional regulatory bodies while finalizing the operational rollout of its regulated services across the EEA [1]. The development comes as global digital asset markets trade in mixed territory, with $BTC changing hands at $81,563 and $ETH at $2,429 at the time of writing. ## FAQ **What services is BingX EU authorized to provide under MiCA?** Under its MiCAR CASP license, BingX EU (MEGE zweite GmbH) is authorized to provide regulated crypto brokerage services, including digital asset custody and exchange operations across the EEA. **Which regulatory body granted BingX EU its MiCA license?** The license was granted by the Financial Market Authority (FMA), Austria's financial regulatory authority. ## Sources 1. [BingX EU Secures MiCAR License, Advancing Regulated Crypto Services Across Europe](https://www.prnewswire.com/news-releases/bingx-eu-secures-micar-license-advancing-regulated-crypto-services-across-europe-302908799.html) — PR Newswire, 2026-10-14 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai