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MiCA Drives 70% of Binance Withdrawals to Private Wallets Thumbnail
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MiCA Drives 70% of Binance Withdrawals to Private Wallets

High Conviction

Binance has said that roughly 70% of withdrawals from users affected by the European Union's MiCA rules moved to self-custody private wallets rather than to MiCA-compliant exchanges after the compliance cutoff, a shift the exchange frames as an unintended consequence of the regulation.

Thiago Alvarez3 min readJul 20, 2026
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