Binance EU Users Shift 70% of Withdrawn Funds to Self-Custody Post-MiCA
2026-07-13 17:30

Woofun AI reports that Binance co-CEO Richard Teng stated up to 70% of funds withdrawn by European Union users after July 1 were sent to self-controlled wallets. Only approximately 30% moved to platforms regulated under the Markets in Crypto-Assets framework. The company disclosed this split without providing asset values, user counts, or measurement windows, and the figures remain unaudited. This distribution indicates that most departing capital bypassed regulated rivals for direct user control, removing the exchange as a custody point while shifting security responsibilities to individuals.

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Richard Teng
Binance
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