Binance co-CEO says 70% of EU withdrawals went to self-custody after MiCA deadline, with just 30% going to licensed platforms
The Block·
60-second summary
Binance co-CEO Richard Teng reveals that 70% of EU user withdrawals following its service suspension moved to self-custody, while only 30% went to MiCA-regulated platforms. This shift suggests a growing preference for self-control among European users, potentially impacting licensed platforms' market share and influencing the future of EU's crypto regulatory landscape.
Richard Teng said 70% of EU user withdrawals following its service suspension moved to self-custody rather than MiCA-regulated platforms.