Binance France closure sets Dec. 31 account shutdown

Binance France closure notices sent to customers in early November say all local accounts will be shut down on Dec. 31, 2026, according to media reports citing user emails. The exchange said users must withdraw assets by Nov. 29 to avoid monthly maintenance fees on balances left on the platform.

Starting Nov. 29, accounts still holding crypto will be charged 0.025% of the balance each month, with a minimum fee of 10 USDC, a stablecoin pegged to the U.S. dollar. An email cited by Cryptoast said accounts not withdrawn by Dec. 31 may be considered inactive under Binance’s terms, potentially leading to conversion, transfer or other processing of assets.

The move follows earlier restrictions on key services for European Union users after Binance failed to obtain Markets in Crypto-Assets authorization from an EU member state before a July 1 deadline. A Binance spokesperson said on Sunday that the company is progressively restricting services for affected users after the MiCA transition period, in line with a previously communicated schedule.

Reports have also pointed to similar emails in Spain and Belgium, but the spokesperson did not address those countries directly. Binance serves at least 300 million customers globally, and its app was downloaded more than 4 million times in the EU last year, underscoring the scale of the regulatory shift.