Binance Sees $400M Weekly Net Outflow After Withdrawing Greek MiCA License Application
Binance recorded a net outflow of over $400 million this week, representing 0.3% of its $133.3 billion tracked assets, according to DefiLlama data. The outflow was triggered by Binance's decision to withdraw its MiCA license application in Greece, as the EU's MiCA transitional period enters its final phase. On the day of the announcement (Wednesday), net outflow hit $1.96 billion, followed by $2.52 billion and $1.46 billion on subsequent days. Co-founder Yi He stated that Europe contributes only about 1% of spot trading volume but Binance remains committed to obtaining a MiCA license. This article breaks down the outflow data, regulatory context, and market implications, analyzing Binance's strategic adjustments in Europe.


