OKX exec: 80% of EU crypto exchanges may fail post-MiCA deadline

Erald Ghoos, CEO of OKX Europe, told The Block that 80% of local exchanges may not survive the end of the grace period for the EU's Markets in Crypto-Assets (MiCA) regulation on July 1. He noted that 60% of European crypto users are currently on platforms without a MiCA license. Ghoos added that Binance is also at risk of having its EU services suspended after its application in Greece was rejected, and that users should be prepared for disruptions on unlicensed exchanges after the deadline.