Binance CEO: Only 30% of European users switched to compliant platforms Binance CEO Richard Teng @_RichardTeng shared in an interview with Altcoin Daily that after Binance suspended certain services in the EU, about 70% of affected European users moved their funds to self-custody wallets. Only around 30% transitioned to MiCA-compliant platforms. He believes this outcome suggests that some of MiCA's original regulatory goals may not have been fully achieved. Richard Teng also mentioned that institutions and businesses can still access global liquidity elsewhere, but retail users may face higher fees and worse liquidity. Source: Altcoin Daily