Binance, the world’s largest cryptocurrency exchange, is considering Greece as its regulatory base in Europe, citing the country’s strong labour force and security advantages over larger financial centres.
Binance co-CEO Richard Teng made the disclosure on Thursday, highlighting Greece’s growing appeal as the company prepares to comply with the European Union’s new Markets in Crypto-Assets Regulation (MiCA) framework.
The exchange, which holds approximately $44 billion worth of bitcoin in customer wallets, submitted an application in Greece last month to secure authorization to operate across the European Union under the MiCA licensing regime.
The MiCA regulation requires cryptocurrency companies to obtain official licenses by July 2026 if they wish to continue providing services within the EU market. The framework is designed to improve investor protection, strengthen transparency, and establish clear regulatory standards for digital asset firms.
Teng explained that Greece’s workforce quality, operational security, and regulatory environment played a key role in Binance’s decision-making process, giving the country an advantage over traditional financial hubs competing to host the exchange’s European headquarters.
Binance’s move reflects a broader trend among crypto firms seeking regulatory clarity and stability as governments worldwide tighten oversight of the rapidly growing digital asset sector.
If approved, Greece could become a major crypto hub in Europe, strengthening its position in the digital finance ecosystem while helping Binance maintain access to the EU’s large cryptocurrency market.
