BingX gets EU crypto license in Austria, eyes 29 countries

Cryptocurrency exchange BingX has secured a MiCA license through its European subsidiary, MEGE zweite GmbH, after Austria’s financial regulator approved four crypto services on October 13, opening the way for a planned expansion across 29 European markets. Summary BingX EU received Austrian authorization to provide four cryptocurrency services under Europe’s MiCA regulatory framework. Austria’s FMA granted the license to MEGE zweite GmbH on October 13, according to regulators. Company plans to serve 29 EEA countries, subject to completing required cross-border notification procedures first. Approval covers crypto custody, cash exchanges, token swaps, and transfers, but excludes other trading services. BingX EU has not announced a date for launching its regulated services across European markets. Austria’s Financial Market Authority (FMA) confirmed the authorization in a notice published on October 14. The approval allows BingX EU to provide cryptocurrency custody, exchanges between cryptocurrencies and conventional money, crypto-to-crypto exchanges, and digital asset transfer services. The company is preparing to introduce regulated services across the European Economic Area (EEA),...