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Binance Co-CEO: After the suspension of services in the EU, about 70% of users have transferred withdrawals to self-custody wallets

According to The Block, Binance Co-CEO Richard Teng stated at the Reuters NEXT Asia summit in Singapore that after Binance suspended services to some EU users, about 70% of users' withdrawal assets flowed to self-custody wallets, with only 30% transferred to licensed platforms that comply with MiCA regulatory requirements.Richard Teng indicated that this data raises questions about the regulatory goals of MiCA. He pointed out that self-custody wallets are not subject to the anti-money laundering (AML) and KYC regulatory frameworks of regulated trading platforms, and the risk may actually increase once user assets are transferred to self-custody.Previously, Binance proactively withdrew its application for a MiCA license in Greece after it failed to be approved before the July 1 transition deadline, and suspended related services to affected EU users. Richard Teng stated that Binance has not given up on the European market, and several EU countries have invited it to reapply for local licenses, although he did not disclose specific countries.In addition, Richard Teng mentioned that Binance plans to continue accelerating its expansion in the Asian market, having already obtained relevant licenses or permissions in markets such as Japan, South Korea, Thailand, Indonesia, Australia, India, and Pakistan, and expects to gain more regulatory approvals this year. Currently, Binance's global user base has increased to approximately 323 million.

first_img IDC released a report on global commercial service robots, showing that Chinese manufacturers account for over 90% of the shipment volume

According to a report by China News Service, the International Data Corporation (IDC) released a global commercial service robot tracking report on July 7. The data shows that by 2025, the global commercial service robot market size will reach $1.37 billion, a year-on-year growth of 35.7%, with an annual shipment volume of approximately 155,000 units, a year-on-year increase of 44.1%. Among them, Chinese manufacturers, leveraging supply chain and AI technology innovation advantages, continue to lead the global market, accounting for over 90% of the total share among the top ten manufacturers in global shipments.In terms of subcategories, commercial cleaning robots are growing the fastest, with an estimated shipment volume of about 58,000 units (+83.8%) in 2025, and a market size exceeding $760 million; delivery robots remain the largest submarket in terms of shipment volume, with annual shipments of about 84,000 units (+30.2%). In terms of regional distribution, the Chinese market continues to hold the global lead with approximately 38% market share, while the Latin American region has become the fastest-growing regional market with a year-on-year shipment growth rate of 84.4%. IDC predicts that by 2030, global commercial service robot shipments will reach 454,000 units, with the market size expected to grow to $3.17 billion.
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