Coinbase and OKX try to lure in Binance’s EU users after it failed to secure a MiCA license

Coinbase and OKX are aggressively trying to attract Binance’s European users following Binance's inability to secure a MiCA license, which is crucial for operating in the EU. Both platforms are offering lucrative sign-up bonuses of up to 8% on deposits or transfers from other accounts. This move could significantly shift the competitive landscape in Europe's cryptocurrency market, as Binance's absence leaves a notable gap for these competitors to fill. The competition highlights the importance of regulatory compliance in maintaining user trust and market share.