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Binance EU shutdown: what actually happens to your funds and how to move them out

Binance

Cryptocoins Exchanges / Binance 46 Views

Seeing numerous panic posts so right here's the actual state of affairs. Binance didn't get a MiCA licence in time, withdrew the Greek software on June 24. From July 1 EU accounts can't do new orders, deposits, signups, or Earn/staking. Withdrawals stay open, this can be a wind-down not a freeze.

Should you're shifting funds out, two practical choices: send to a different CEX (re-KYC, takes time) or self-custody wallet then swap from there. In case you go the self-custody route and need to convert between belongings with out opening a new trade account, non-custodial swap aggregators route the commerce with out holding your funds, so no new KYC step needed for the swap itself.

Disclaimer: I constructed CypherGoat (cyphergoat.com/binance-eu), mentioning it because it's instantly related here, not making an attempt to sneak in an advert.

Completely satisfied to answer questions on the MiCA aspect if anyone's confused on timeline.

submitted by /u/4rkal
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