Reports agree BingX EU won an Austrian MiCA/CASP license for 29 EEA countries, but disagree on whether that license covers brokerage services.
What all sources agree on
- Austria's Financial Market Authority (FMA) granted MiCA/CASP authorization to BingX EU, operating as MEGE zweite GmbH in Vienna.
- The authorization is intended to enable BingX EU to offer services across 29 countries in the European Economic Area via passporting.
- BingX EU has not announced a launch date for when services will go live.
Where the reports disagree
1Whether the license covers brokerage/trading-platform services
plans to roll out crypto asset custody, brokerage, and exchange services across 29 countries in the European Economic Area (EEA) through the regulatory passporting mechanism.
Specifically, the license lets BingX EU offer custody, exchange, and brokerage services.
This license enables BingX to offer regulated broker services across 29 countries in the European Economic Area (EEA), significantly broadening its operational scope.
Approval covers crypto custody, cash exchanges, token swaps, and transfers, but excludes other trading services.
The regulator's published list does not include operating a multilateral crypto trading platform, managing customer portfolios, providing investment advice or executing leveraged derivatives contracts.
What would settle it: The Austrian FMA's published license notice or CASP register entry detailing the specific services authorized under Article 63 of MiCA.
What to make of it
Treat the existence of the Austrian MiCA license and the 29-country expansion plan as established, but do not assume brokerage or trading-platform services are included until the FMA's own license notice or CASP register entry is checked.
Treat the existence of the Austrian MiCA license and the 29-country expansion plan as established, but do not assume brokerage or trading-platform services are included until the FMA's own license notice or CASP register entry is checked.