BSCN(@BSCNews):Most funds leaving Binance in the EU went to self-custody, not rivals After MiCA took full effect and @binance pulled its Greek license bid, 70% of the EU funds withdrawn from the platform went to self-hosted wallets, and only 30% to MiCA-regulated exchanges, per co-CEO @_RichardTeng. Teng's argument is that MiCA pushed users toward less-supervised self-custody rather than the regulated venues it was built for.

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2026.07.09 21:01

Most funds leaving Binance in the EU went to self-custody, not rivals After MiCA took full effect and @binance pulled its Greek license bid, 70% of the EU funds withdrawn from the platform went to self-hosted wallets, and only 30% to MiCA-regulated exchanges, per co-CEO @_RichardTeng. Teng's argument is that MiCA pushed users toward less-supervised self-custody rather than the regulated venues it was built for.