---
title: "BingX EU Secures MiCA License From Austria’s FMA"
date: 2026-10-14
author: "Kathleen Kinder"
featured_image: "https://coinlaw.io/wp-content/uploads/2026/10/bingx-eu-mica-license.jpg"
categories:
  - name: "Compliance"
    url: "/compliance.md"
tags:
  - name: "News"
    url: "/tag/news.md"
---

# BingX EU Secures MiCA License From Austria’s FMA

BingX EU said on October 14, 2026, that Austria’s Financial Market Authority (FMA) granted it a license under the Markets in Crypto-Assets Regulation (MiCA). The Vienna-based unit is still preparing its launch across 29 European Economic Area (EEA) countries, subject to ongoing passporting arrangements.

## What Happened?

- BingX EU, legally named MEGE zweite GmbH, holds its MiCA authorization from Austria’s FMA as a crypto-asset service provider.
- The license targets 29 EEA countries, with access subject to passporting arrangements the company describes as ongoing.
- BingX EU lists crypto custody and exchange among its broker services but has not given a launch date.
- The approval comes after MiCA’s transitional period expired EU-wide on July 1, 2026, ending national grandfathering for unlicensed firms.

## The license sits with one Vienna company

The authorization names MEGE zweite GmbH, which trades as BingX EU and is headquartered in Vienna, according to the [company’s announcement](https://www.prnewswire.com/news-releases/bingx-eu-secures-micar-license-advancing-regulated-crypto-services-across-europe-302908799.html). BingX itself was founded in 2018 and says it serves **more than 40 million users** worldwide.

**Daniel Lai**, chief executive of BingX EU, framed the license around local oversight. Lai said:

“

Our priority is to provide European users with trusted and locally regulated trading experience.

Daniel LaiChief Executive Officer – BingX EU





The entity name is the detail customers should track. The European Securities and Markets Authority (ESMA) has urged investors to check the ESMA Interim MiCA Register before they invest or transfer funds. ESMA has also said MiCA protections apply to the specific authorized EU firm, not to group companies sharing its brand.

> BingX EU is now MiCA-licensed in Europe. 🇪🇺 Read all the details. 👇
> 
> — BingX (@BingXOfficial) [October 14, 2026](https://x.com/BingXOfficial/status/2110396249752875173?ref_src=twsrc%5Etfw)

For EEA users, the check starts once services go live. The account should sit with MEGE zweite GmbH, and that name should appear on the register. [MiCA’s passporting framework](https://coinlaw.io/cross-border-crypto-transactions-under-mica-statistics/) is what lets a single national license extend to other member states.

## BingX EU arrives after the July cutoff

ESMA’s April statement set July 1 as the **[EU-wide end of MiCA’s transitional period](https://coinlaw.io/what-is-mica-regulation/)**. A follow-up statement in June reminded non-EU firms that they cannot provide MiCA services to EU clients or solicit them. The only carve-out is a narrow reverse-solicitation exemption. Under that rule, a global brand needs a licensed EU entity to serve European clients directly.

Austria’s regulator has also shown it will sanction MiCA lapses. The FMA fined Bitpanda GmbH **€70,000** in an August notice, citing a late crypto-asset whitepaper filing and gaps in marketing disclosures. That case was [Austria’s first published MiCA penalty](https://coinlaw.io/bitpanda-fined-eur70000-austria-first-mica-penalty/). The FMA has since opened a review, at Bitpanda’s request, of whether publishing that notice was lawful.

The announcement leaves several points open:

- **When will BingX EU switch on services, and in which EEA states first?**
- **Which passporting notifications are still pending?**
- **Does the authorization cover services beyond custody and exchange, and which ones?**
- **Will any EEA customers of the global BingX platform move to MEGE zweite GmbH, and on what terms?**

The sequence reads as license first, rollout second. BingX EU said it will keep working with the FMA and other European regulators ahead of launch. The next marker is procedural: completed passporting arrangements and a published launch date.