---
title: "Binance co-CEO says 70% of EU withdrawals went to self-custody after MiCA deadline, with just 30% going to licensed platforms"
url: https://thecoingazette.com/binance-co-ceo-says-70-of-eu-withdrawals-went-to-self-custody-after-mica-deadline-with-just-30-going-to-licensed-platforms/
date: 2026-07-10
modified: 2026-07-10
lang: en
author: "Coin Gazette Editorial"
description: "Richard Teng said 70% of EU user withdrawals following its service suspension moved to self-custody rather than MiCA-regulated platforms."
categories:
  - "Binance"
  - "Crypto News"
  - "Exchanges"
  - "regulation"
tags:
  - "binance"
  - "ceo"
  - "Companies"
  - "custody"
  - "EU"
  - "Exchanges"
  - "MICA"
  - "Policy"
  - "regulation"
  - "richard teng"
  - "self-custody"
word_count: 19
---

# Binance co-CEO says 70% of EU withdrawals went to self-custody after MiCA deadline, with just 30% going to licensed platforms

Richard Teng said 70% of EU user withdrawals following its service suspension moved to self-custody rather than MiCA-regulated platforms.