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Major Crypto Exchange KuCoin Opens Doors in 27 European Countries

KuCoin exchange

Photo: sdx15/Shutterstock

In late 2024, KuCoin was forced to halt its services in several European countries, including the Netherlands, due to a lack of required licenses. That has now changed, paving the way for the crypto exchange’s return to Europe.

The trading platform received a European MiCA license from the Austrian regulator. This officially grants the trading exchange access to 27 European countries.

KuCoin is one of the largest crypto exchanges in the world, with reportedly over 40 million users across 200 countries. Thanks to the new license, KuCoin is positioning itself as one of the larger regulated crypto exchanges in the European market.

KuCoin Returns to the European Market
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KuCoin announced that it has successfully obtained a MiCA license from the Austrian regulator. The license means the crypto exchange complies with the strict requirements of the European Markets in Crypto-Asset Regulation (MiCA). This legislation has been in effect since 2024 and applies to all crypto companies active in Europe.

27 European Countries, and Another Continent Too
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The MiCA license represents a milestone for KuCoin, as it officially permits the crypto exchange to enter the entire European market. A key feature of the MiCA legislation is that a license in one member state provides access to all other European countries.

Thanks to the license, KuCoin can operate in all 27 countries that are part of the European Economic Area (EEA). This opens the door for millions of European traders and investors.

KuCoin has been working diligently to meet the requirements of regulators. Earlier this week, the crypto exchange also secured a license in Australia, granting it permission to serve Australian customers as well.

Dutch Customers
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The crypto exchange was previously active in the Dutch market but closed its doors to Dutch users earlier this year due to the lack of a license. This caused disruption for Dutch customers at the time, who had to close their accounts and withdraw or move their crypto to other exchanges.

Now that KuCoin has obtained the MiCA license, it seems likely that the crypto exchange will soon allow Dutch customers back on the platform. However, when exactly that will happen remains unknown.

It remains to be seen whether former Dutch users will want to move their crypto back to the KuCoin platform. Aside from the effort, moving assets is usually not free due to withdrawal and deposit fees.