OKX has absorbed roughly $1.199 billion in net inflows as rival exchanges, most notably Binance, pull back from European markets under the pressure of the EU’s Markets in Crypto-Assets regulation.
The trigger: Binance withdrew its MiCA license application in Greece around June 24, 2026, then began restricting services for EU users starting July 1. In the weeks leading up to that deadline, Binance reportedly saw weekly net outflows ranging from $400 million to $1.1 billion.
The MiCA effect is reshuffling the deck
OKX secured its full MiCA Crypto-Asset Service Provider (CASP) license through its Maltese entity on January 27, 2025, making it one of the first major platforms to obtain authorization from the Malta Financial Services Authority.
During the Binance restriction period, OKX recorded weekly net inflows of approximately $285 million to $320 million. Those numbers are part of the broader $1 billion-plus user exodus from non-compliant platforms that has defined the past several weeks of European crypto trading.
