00:00On July 1st, 2026, the European Union's transitional grandfathering period for crypto asset service providers under the markets in crypto
00:12assets regulation, which is commonly known as MICA, actually ends and there won't be any extensions.
00:19A deadline, ESMA reconfirmed in sort of an April supervisory statement in June 2026 right now, approximately 204 crypto asset
00:34service providers, which are known as CASPs, hold the full MICA authorization, according to ESMA's interim register, including at least
00:4414 large centralized exchanges that are covering roughly 70 percent
00:49of EU crypto transaction volume, while sort of an estimated 18 percent of platforms previously serving EU users have already
00:59exited the market since enforcement started to tighten.
01:02And this picture is genuinely mixed. OKEx, Kraken, CoinbaseCrypto.com, and Bitstamp, Bitpanda, Revolut, and Paybis are all kind of
01:15these platforms that hold a confirmed CASP authorization.
01:20But you've got Binance's application remaining. It's pending at the time of shooting this video and in Greece.
01:30And I think I actually saw a headline saying they are withdrawing that.
01:35And KuCoin was officially formally banned from operating in Austria by FMA in February 2026 for providing unauthorized services.
01:46And you've got so many kind of mixed views on how this is going to impact users in EU in
01:56terms of just having the ease of transactions within the European Union with the MICA enforcement.
02:06So at the end of the day, you know, Europe's crypto market itself is entering this new phase as the
02:13transitional period ends.
02:15And at the end of the day, the better question now to be asking yourself is which regulatory pathway are
02:21you actually using, right?
02:23So there are many different real options. Like I said, OKEx, Kraken, platforms that you can use in the EU.
02:30You can check out the links in the description.
02:34Alternatively, some people would like to use decentralized exchanges, which are offering kind of the sovereignty route, right?
02:42So no central exchange custody. So you are in control of your funds, no traditional platform account and, you know,
02:50more control.
02:51So DEX is really kind of where I think a lot of the volume is going to start to move
02:55towards.
02:56So you've got platforms like Hyperliquid, you know, you've got different other platforms for RWA's.
03:05You've got like Ostium, you've got G-Trade, which does good synthetics on commodities and FX, for example.
03:14So many different DEXs out there, Apex, GMX, Mix, really, if you want to check out some of the best
03:23ones, including the newer models like HX and Lighter, for example.
03:28These are some of the popular DEXs at the moment. Check out the links in the description.
03:32But those are alternatives. Some people still prefer to use just no KYC platforms like K6, which is kind of
03:41accessible globally.
03:43And those are some of the most reliable platforms.
03:46But of course, you know, they don't do KYC.
03:48So it's yet to be seen how long, but other than the product itself being very excellent in the ease
03:57of use, I think, you know, if they continue to serve customers,
04:02they are going to continue to get a big share of people and funds flowing to those kind of exchanges.
04:09So if you want to really just kind of get a full breakdown, the link is in the description.
04:13I've kind of laid it all down for you, especially if you're somebody in the EU who just wants to
04:18understand where you should be trading now that MICA is really in enforcement.
04:27Like, share, subscribe, turn on the notifications.
04:29See you guys next time. Peace.
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