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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/29/2026

Binance Records $400M Weekly Outflows as MiCA Deadline Approaches

What happened: Binance experienced approximately $400 million in net outflows during the week of June 22, representing just 0.

Binance Records $400M Weekly Outflows as MiCA Deadline Approaches

What happened: Binance experienced approximately $400 million in net outflows during the week of June 22, representing just 0.3% of its $133.3 billion tracked assets. The outflows coincide with the July 1, 2026, MiCA regulatory deadline, after which Binance will halt most services for EU residents in several countries. Competitors Bitget, Bitfinex, and OKX posted inflows of $710 million, $400 million, and $285.5 million, respectively, during the same period. Binance has withdrawn its Greek license application and will cease new orders, deposits, and sign-ups for EU users.

Why it matters: While the $400 million outflow is notable, it remains a small fraction of Binance's total assets, suggesting no mass exodus—yet. However, the regulatory clampdown is forcing a realignment of exchange market share in Europe, with only about 250 firms gaining MiCA authorization compared to over 1,200 previously active. The transition could accelerate user migration if service disruptions persist or regulatory scrutiny intensifies.

Source: Cointelegraph; CoinDesk