Binance Sees $400M in Weekly Net Outflows Before MiCA Deadline

Binance recorded more than $400 million in net outflows during the week beginning June 22 after it withdrew its Markets in Crypto‑Assets Regulation (MiCA) license application in Greece. DefiLlama data put the seven‑day net outflows at about 0.3% of the exchange’s $133.3 billion in tracked assets, or 0.35% when excluding BNB; the exchange led tracked platforms in weekly net outflows.

Outflows accelerated on Wednesday when Binance announced its withdrawal from Greece’s securities regulator, logging $1.96 billion that day and following with $2.52 billion and $1.46 billion on subsequent days. Such swings are not unusual for Binance, which regularly records billions in daily inflows and outflows, and the data do not reveal the geographic origin of the fund movements.

The shifts occurred in the final week before the EU MiCA transition deadline; from July 1 Binance will restrict onboarding and some services for affected EU users. Rival exchanges sought to court Binance customers ahead of the deadline.

Greece

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