Binance France will permanently close customer accounts tied to its French legal entity on December 31, 2026, after failing to secure authorization under the European Union’s Markets in Crypto-Assets (MiCA) framework. The exchange missed the June 30 deadline to obtain the required MiCA authorization, setting the closure process in motion.
Deposits in both fiat and cryptocurrency have already been suspended for affected accounts. The closure applies specifically to accounts held with the French entity and does not mean Binance is shutting down its entire global platform or every French user’s account.
Management Fees to Begin November 29
For users who continue to hold assets, Binance France will begin charging a management fee from November 29. The fee is set at 0.025% of the account balance per month, with a minimum charge of 10 USDC. The measure appears designed to encourage users to withdraw their assets before the final closure date.
Fees will be deducted directly from available USDC balances. If there is not enough USDC, Binance may use other cryptocurrencies held in the account to cover the charge.
Binance has also outlined scheduled withdrawals, with an initial withdrawal expected within three days of November 29, followed by another withdrawal after December 24.
What Happens to Remaining Crypto
Users who fail to withdraw their assets before December 31 could see their remaining cryptocurrencies handled under Binance’s Terms of Service. Depending on the circumstances, the assets may be converted, transferred, or otherwise dealt with after the account closure.
For Binance France users, the immediate priority is to withdraw eligible assets before the account closure process begins, rather than risk additional fees or the automatic handling of remaining funds.
