70% of Binance EU withdrawals went to self-custody after MiCA deadline

Binance co-CEO Richard Teng revealed that following the platform's service suspension for EU users due to the MiCA regulatory deadline, 70% of withdrawn funds moved to self-custody wallets rather than MiCA-licensed platforms. Only 30% of the withdrawals went to regulated exchanges. The figures suggest that most European crypto users prefer to maintain direct control of their assets rather than move to compliant platforms.

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🪙 Crypto Binance: 70% of EU user funds moved to self-custody wallets after MiCA BitHub.pl · 16d ago 🪙 Crypto Binance sees $400M+ weekly net outflows as EU MiCA deadline approaches Cointelegraph · 28d ago 🪙 Crypto Spanish regulator: Binance must get MiCA licence by July 1 or cease EU operations Decrypt · 29d ago

More on this topic

🪙 Crypto Binance: 70% of EU user funds moved to self-custody wallets after MiCA BitHub.pl · 16d ago 🪙 Crypto Binance sees $400M+ weekly net outflows as EU MiCA deadline approaches Cointelegraph · 28d ago 🪙 Crypto Spanish regulator: Binance must get MiCA licence by July 1 or cease EU operations Decrypt · 29d ago