Binance EU Withdrawals Move to Self-Custody: Why Exchange Liquidity May Not Return Quickly
An ESMA deadline on July 1, 2026 forced EU crypto wind-downs. Binance recorded weekly outflows of $1.23B, with 70% of withdrawals shifting to self-custody. As a result, exchange liquidity may remain thin and not return quickly.
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After MiCA's transition ended July 1, 2026, Binance — which withdrew its Greek licence application — says about 70% of EU withdrawals went to self-custody wallets, with only some 250 CASPs fully authorised EU-wide.
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