Binance has withdrawn its application for a Markets in Crypto-Assets license in Greece, but says it still plans to remain active in Europe under the EU's MiCA framework.

The exchange said the decision followed its review of the status and timeline of the Greek process, according to CoinDesk, which cited Binance posts on X. Binance did not name the member state where it now expects to pursue authorization, but said it was confident it would secure a license in the coming months.

The move matters because MiCA is meant to create a common authorization regime for crypto-asset service providers across the European Union. ESMA describes the rules as covering transparency, disclosure, authorization, and supervision for crypto-assets that were not already handled by existing financial-services laws. For a large exchange, the chosen licensing jurisdiction can shape how quickly it can passport services across the bloc.

The conservative read is that Binance is not leaving Europe, but its regulatory route has changed. CoinDesk reported that the withdrawal followed reports Greek regulators planned to reject the application, while Binance framed the move around process timing. Without a named replacement jurisdiction or a granted license, the practical impact is still unresolved.

For users and market makers, the near-term signal is uncertainty rather than disruption. Binance still wants an EU foothold under MiCA, but it has not yet shown where that authorization will land.