{"id":10310,"date":"2026-06-29T08:38:41","date_gmt":"2026-06-29T08:38:41","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=10310"},"modified":"2026-06-29T08:38:41","modified_gmt":"2026-06-29T08:38:41","slug":"binance-bleeds-400m-in-outflows-after-pulling-greek-mica-license-bid","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=10310","title":{"rendered":"Binance Bleeds $400M+ in Outflows After Pulling Greek MiCA License Bid"},"content":{"rendered":"

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  • Binance recorded more than US$400 million (AU$568 million) in weekly net outflows as it withdrew its Greek MiCA licence application.<\/span><\/li>\n
  • The outflows represented a small proportion of Binance\u2019s total assets and followed several days of billion-dollar net withdrawals.<\/span><\/li>\n
  • With the EU\u2019s MiCA deadline approaching, Binance will restrict some services for affected users while continuing to pursue regulatory approval.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Binance recorded more than US$400 million (AU$568 million) in net outflows during the week beginning 22 June, coinciding with its decision to withdraw its application for a Markets in Crypto-Assets (MiCA) licence in Greece ahead of the European Union\u2019s regulatory deadline.<\/p>\n

    Data from DefiLlama showed the weekly outflows represented around 0.3% of Binance\u2019s tracked assets worth US$133.3 billion (AU$189.29 billion), or 0.35% of its US$113.8 billion (AU$161.60 billion) in crypto assets excluding BNB.<\/p>\n

    The exchange experienced its largest daily movement on the day it announced the withdrawal, recording net outflows of US$1.96 billion (AU$2.78 billion). This was followed by US$2.52 billion (AU$3.58 billion) and US$1.46 billion (AU$2.07 billion) in net outflows over the following two days.<\/p>\n

    Despite the figures, Binance routinely processes daily inflows and outflows worth billions of dollars, meaning the latest movements are not considered unusual on their own. The available on-chain data also does not indicate where the transferred funds originated.<\/p>\n

    Related: Binance Faces EU Shutdown Threat as Licence Bid Hits Regulatory Wall<\/strong><\/p>\n

    MiCA Deadline Draws Close\u00a0<\/h2>\n

    The timing is notable because the EU\u2019s MiCA transition period ends on 1 July, after which Binance will restrict onboarding and some services for affected users in parts of Europe while it continues pursuing regulatory approval.<\/p>\n

    Binance co-founder Yi He said Europe remains an important market for the exchange despite accounting for only around 1% of its spot trading volume, adding that the company intends to continue seeking a MiCA licence.<\/p>\n

    Related: More Than Half of Australia\u2019s Business Leaders Now Hold Crypto Assets\u00a0<\/strong><\/p>\n<\/p><\/div>\n

    Binance,MiCA#Binance #Bleeds #400M #Outflows #Pulling #Greek #MiCA #License #Bid1782722321<\/p>\n","protected":false},"excerpt":{"rendered":"

    Binance recorded more than US$400 million (AU$568 million) in weekly net outflows as it withdrew its Greek MiCA licence application. The outflows represented a small proportion of Binance\u2019s total assets and followed several days of billion-dollar net withdrawals. With the EU\u2019s MiCA deadline approaching, Binance will restrict some services for affected users while continuing to<\/p>\n","protected":false},"author":1,"featured_media":10311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[3532,2243,361,5209,5211,1510,387,373,5210],"class_list":["post-10310","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-400m","tag-bid","tag-binance","tag-bleeds","tag-greek","tag-license","tag-mica","tag-outflows","tag-pulling"],"yoast_head":"\nBinance Bleeds $400M+ in Outflows After Pulling Greek MiCA License Bid - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=10310\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Bleeds $400M+ in Outflows After Pulling Greek MiCA License Bid\" \/>\n<meta property=\"og:description\" content=\"Binance recorded more than US$400 million (AU$568 million) in weekly net outflows as it withdrew its Greek MiCA licence application. 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