OKX Europe Launches 5%-8% Deposit Incentives on June 17 as MiCA Rules Drive 80% of European Exchanges Toward Closure

OKX Europe launched a deposit incentive program on June 17, offering 5% to 8% bonuses on qualifying deposits to attract users migrating from non-compliant exchanges ahead of the EU's Markets in Crypto-Assets (MiCA) regulatory transition ending July 1. Rewards will be distributed over 12 months via SEPA transfers, cards, Apple Pay, Google Pay, and on-chain transfers, with the promotion running until July 13, 2026.

The company estimates that approximately 80% of crypto exchanges currently serving European customers may be unable to operate after the transition period ends. Of the estimated 1,100 to 1,300 crypto asset service providers (CASPs) operating under national frameworks before MiCA, only around 200 have obtained MiCA authorization to date. Lithuania has already seen over 240 crypto-related businesses cease operations following local compliance deadlines in late 2025.