The Crypto Register EU

EU CRYPTO REGISTER · NOT IN REGISTER · LAST VERIFIED

Is Phemex licensed under MiCA in the European Union?

Phemex does not appear in the current ESMA Register of MiCA-Authorised Crypto-Asset Service Providers. MiCA enforcement begins on 1 July 2026; after that date, providers without authorisation may not offer services to EEA residents.

Verdict: Phemex does not appear in the current ESMA MiCA register.

As of , no legal entity using the Phemex brand is listed in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers. Source: ESMA register, retrieved 14 May 2026.

Absence from the register may indicate (a) no application has been filed with any EU National Competent Authority, (b) an application is pending and not yet recorded, or (c) the entity operates under a separate regulatory framework. Verify directly with the provider.

Enforcement date: 1 July 2026. After that date, providers offering crypto-asset services to EEA residents without MiCA authorisation are in breach of EU law (Regulation (EU) 2023/1114).

What does this mean for users of Phemex in the EU?

After , any provider offering crypto-asset services to EEA residents without MiCA authorisation is in breach of EU law under Article 59 of Regulation (EU) 2023/1114. If Phemex does not appear in the ESMA register by that date, EEA-resident users face a forced transition: either Phemex's EU subsidiary obtains authorisation before the deadline, Phemex exits the EEA market, or users must migrate their assets to an authorised alternative.

What you can do before 1 July 2026:

  1. Check Phemex's own public statements regarding its EU strategy.
  2. Review the MiCA-authorised alternatives listed below.
  3. Verify that you can withdraw your crypto-assets and fiat balances from Phemex on short notice if needed.
  4. Bookmark this page; the verdict updates weekly against the ESMA register.

Which MiCA-authorised exchanges are alternatives to Phemex?

Authorised CASPs with overlapping service profiles, ranked by service-coverage similarity:

ProviderHome Member StateAuthorisedServices
Bitpanda Austria 7 services
Bitstamp Luxembourg 7 services
Bitvavo Netherlands 3 services
Sign up with the exchange that fits you best →

OKX Europe Limited - MiCA-authorised by the Malta Financial Services Authority (MFSA) on . See OKX's full MiCA profile · How we identify alternatives

Frequently asked questions about Phemex and MiCA

Is Phemex licensed under MiCA?

As of the latest snapshot of the ESMA register, Phemex does not appear as an authorised Crypto-Asset Service Provider in the EEA.

Can Phemex still serve EEA users after 1 July 2026?

Under MiCA, after 1 July 2026 only authorised CASPs may offer crypto-asset services to EEA residents. A provider without authorisation must either obtain a licence, exit the EEA market, or operate via a separately authorised partner entity.

What should I do with my crypto if my exchange is not licensed?

Three options: (1) wait for the provider to clarify its EU strategy, (2) transfer your assets to an authorised provider, or (3) self-custody using a wallet. Confirm withdrawal functionality and fees before the transition deadline.

Does this mean the exchange is illegal in the EU?

Not necessarily before 1 July 2026, as transitional arrangements vary by member state. After that date, providing services to EEA users without MiCA authorisation breaches EU law.

Where can I see the official register?

The ESMA Register of Crypto-Asset Service Providers is the authoritative source. A direct link is in this page's 'Sources' section.

Sources cited on this page

  1. ESMA Register of Crypto-Asset Service Providers

This page is updated weekly. Last verified . If you believe any information on this page is inaccurate, write to our contact page.