The cryptocurrency exchange BingX has received a MiCA license through its European subsidiary MEGE zweite GmbH after the Austrian financial regulator approved four crypto services on 13 October, paving the way for a planned expansion into 29 European markets.
The Austrian Financial Market Authority (FMA) confirmed the authorization in a notice published on 14 October. The approval allows BingX EU to provide services for crypto custody, exchanging cryptocurrencies for traditional money, exchanging cryptocurrencies for cryptocurrencies, and transferring digital assets. The company is preparing to roll out regulated services across the entire European Economic Area (EEA) in accordance with cross-border service provision requirements.
BingX MiCA License Covers Four Crypto Services
The authorization was granted to the Austrian company MEGE zweite GmbH, which operates under the BingX EU brand. The regulator identified the organization by registration number FN 666009a and approved its activities in accordance with Article 63 of the Markets in Crypto-Assets Regulation.
The FMA decision covers four specific services. BingX EU may hold and manage crypto-assets for clients, exchange cryptocurrencies for conventional money, facilitate exchanges between different crypto-assets, and transfer digital assets on behalf of clients.
This license does not permit the provision of all services that a cryptocurrency exchange may offer. The list published by the regulator does not include: operating a multilateral platform for crypto trading, managing client portfolios, providing investment advice, or executing contracts on leveraged derivative financial instruments.
Thus, the BingX EU authorization covers only the services specifically listed in the regulatory notice. Any expansion into other regulated activities must comply with the applicable authorization requirements.
The exchange announced this on 14 October, explaining that the approval will allow it to support services for individual and institutional clients across Europe.
The statement indicated that the planned service area covers 29 EEA countries, although access in individual jurisdictions still depends on the necessary cross-border agreements.
BingX EU did not name a launch date for its regulated services in these markets. Instead, the announcement confirmed that preparations are ongoing, along with negotiations with Austrian and other European regulators.
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