The French are moving their stablecoins off platforms: +192% self-custody in one year

France recorded a 192% year-over-year increase in stablecoin withdrawals from centralized exchanges, according to the Western Europe chapter of Chainalysis’s global crypto adoption report published November 9, propelling the country to the top of Western Europe for self-custody outflows. The shift means French holders are moving dollar-pegged tokens off platforms like Binance and Coinbase into private wallets, reducing counterparty exposure to exchange failures. Chainalysis frames the trend within broader regional adoption data, though the excerpt does not specify total withdrawal volumes or the share of France’s stablecoin market involved. The move matters because it signals growing sophistication among French retail users and could pressure CEX stablecoin balances and trading liquidity in the eurozone. Watch next for Chainalysis’s full regional breakdown and whether the self-custody trend extends to bitcoin and ether holdings.