Binance recorded more than $400 million in weekly net outflows ahead of the EU's MiCA deadline, though the data showed no clear signs of a broad user migration.

Binance will restrict EU services from July 1 under MiCA rules after failing to secure authorization, though users will still be able to withdraw assets.

The world's largest crypto exchange is pulling out of multiple EU markets after withdrawing its Greek licence application before a June 30 deadline.