MiCA Officially Effective, Compliant Exchanges Offer Up to 10% Deposit Rewards to Compete for Crypto Users

CoinFeed on July 1, citing CoinDesk, reported that the EU's crypto asset regulatory framework MiCA is fully effective from today, Binance has suspended registration, deposits, and Earn products for new EU users; compliant trading platforms like Coinbase, OKX, and Gate are offering up to 10% deposit rewards to compete for European crypto users forced to migrate due to restrictions on non-compliant platforms.