After Binance restrictions, most of the funds were withdrawn to personal wallets
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After the introduction of restrictions Binance for users from the European Union, most clients preferred to store digital assets independently. According to available data, about 70% of withdrawn funds were transferred to personal crypto wallets, while only 30% went to platforms that received licenses under MiCA.
Such statistics show that a significant part of users are not in a hurry to switch to new regulated services and prefer to maintain full control over their assets.
Against the backdrop of MiCA coming into full force, such dynamics reflect one of the main market trends - the development of independent storage of cryptocurrencies along with the strengthening of state regulation.
As MiCA requirements expand, market participants will have to choose between using licensed platforms and storing digital assets in their own wallets.
#Binance
#MiCA
#European Union
#cryptocurrency
#wallets
#regulation
#cryptonews
#joker
After the introduction of restrictions Binance for users from the European Union, most clients preferred to store digital assets independently. According to available data, about 70% of withdrawn funds were transferred to personal crypto wallets, while only 30% went to platforms that received licenses under MiCA.
Such statistics show that a significant part of users are not in a hurry to switch to new regulated services and prefer to maintain full control over their assets.
Against the backdrop of MiCA coming into full force, such dynamics reflect one of the main market trends - the development of independent storage of cryptocurrencies along with the strengthening of state regulation.
As MiCA requirements expand, market participants will have to choose between using licensed platforms and storing digital assets in their own wallets.
#Binance
#MiCA
#European Union
#cryptocurrency
#wallets
#regulation
#cryptonews
#joker