MiCA Backfire: Binance Says 70% of Departing EU Users Chose Self-Custody
Covered by 5 sources · 5 articles
5 outlets - including Coin-turk, Coinedition and Cryptonomist and 2 more - are covering this story. 🚨 70% of Binance’s EU customer withdrawals moved to self-custody wallets after the $BTC platform halted most services under new MiCA rules. 📉 Only 30% of assets transferred to other MiCA-approved crypto exchanges. 🌍 Binance faces record…
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Binance CEO says 70% of EU user assets shifted to self-custody after MiCA suspension
🚨 70% of Binance’s EU customer withdrawals moved to self-custody wallets after the $BTC platform halted most services under new MiCA rules. 📉 Only 30% of assets transferred to other MiCA-approved crypto exchanges. 🌍 Binance faces record…
Binance CEO Says 70% of EU Crypto Withdrawals Shifted to Self-Custody After MiCA Deadline
Most European users who withdrew assets from Binance after its EU service suspension chose self-custody instead of regulated exchanges. Binance co-CEO Richard Teng said roughly 70% of withdrawals moved into private wallets, while only 30% r…
Did MiCA backfire? 70% of Binance EU withdrawals moved to self-custody
When Binance pulled its MiCA license application in Greece and suspended EU services ahead of the July 1 regulatory deadline, European regulators may have expected users to migrate toward licensed, compliant crypto platforms. The data on Bi…
Bitcoin Self-Custody Draws 70% of EU Funds Leaving Binance Under MiCA
Crypto News Bitcoin and other digital assets are flowing into self-hosted crypto wallets rather than licensed exchanges as the European Union's Markets in Crypto-Assets (MiCA) regime reshapes the r...
MiCA Backfire: Binance Says 70% of Departing EU Users Chose Self-Custody
Following Binance's sudden license withdrawal ahead of the July 1 deadline, Co-CEO Richard Teng reveals that the vast majority of departing European clients opted to migrate entirely off-exchange rather than join rival regulated platforms.