Ripple has received full authorization under the EU's Markets in Crypto-Assets (MiCA) regulation through Luxembourg, giving the company passporting rights across the European Economic Area days after Binance was forced to suspend most services for EU users.
Ripple Wins Licence To Operate in the EU as Binance Retreat Reshapes Market
6 July 2026 - 20:08 CEST
By Matt Neill
The company said in a statement on 6 Jul that Luxembourg's Commission de Surveillance du Secteur Financier had approved its Crypto Asset Service Provider licence. The authorization allows Ripple to offer regulated crypto payments services to financial institutions, corporates and businesses across all 30 EEA countries.
MiCA's transitional period ended on 1 Jul, replacing national registrations with a single licensing regime for crypto firms. Companies that secure approval in one member state can serve the wider bloc, while those without approval face service restrictions, wind-downs or a fresh search for another regulator.
MiCA divide widens
Ripple's approval comes less than a week after Binance said it would suspend most EU services after failing to secure a MiCA licence. The world's largest crypto exchange had sought authorization in Greece, but the application unravelled before the deadline.
That contrast shows how MiCA is starting to split Europe's crypto market between licensed firms that can expand and unlicensed firms that must retreat or reroute. Binance has said it plans to seek approval through another member state, but for now its suspension has created an opening for regulated rivals.
Exchanges such as Coinbase, Kraken, Bitvavo and OKX had already secured MiCA licences ahead of the deadline. Ripple now joins that group, but with a focus on enterprise crypto payments rather than retail exchange trading.
Payments push gains cover
Ripple said the licence makes it fully compliant for cryptoasset services across Europe, alongside its existing EU electronic money institution licence. The company said European clients are looking to build digital asset services with regulated partners.
The number of non-cash payments in the euro area reached 77.7bn in the first half of 2025, up 7.7% from a year earlier, while the total value of transactions stood at €116tn, according to the European Central Bank.
