Binance stops trading services in France and other European countries
Binance has stopped offering trading services in France and several other European countries from July 1.
The company failed to obtain a MiCA license in time.
French users can now only withdraw assets and can no longer trade spot or margin products. Binance previously served about 2 million users in France and said user funds remain safe. On-chain data shows Binance saw about $1.6 billion in net outflows over the past month, while still managing around $114 billion in crypto assets.