Binance Suspends Trading in France as EU MiCA Rules Come Into Force

Binance has pulled spot and margin trading from France and other parts of Europe after missing the MiCA licensing deadline, BFM Business reports.

The move means users in France can now only withdraw their funds, as trading functionality has been fully disabled. The exchange previously served around 2 million users in the country and said customer assets remain secure despite the service changes.

The operational restriction comes at a time when the platform is also seeing notable capital movement, with on-chain data showing roughly $1.6 billion in net outflows over the past month. Even so, the exchange continues to manage an estimated $114 billion in total crypto assets.

Source: BFM Business