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70% of EU crypto withdrawals went to self-custody after Binance paused services post license pullback

Market News
10 Jul 2026
Crypto Economy
View Source
Bearish
pluang ai news

Binance suspended its services for European Union users after withdrawing its MiCA license application in Greece, ahead of the July 1 transition deadline. Following this suspension, 70% of withdrawals by EU users were directed to self-custody wallets, indicating a shift towards personal control over crypto assets. This move highlights regulatory challenges Binance faces in the EU and may influence how users manage their digital assets going forward.

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