Binance France tells users accounts close December 31, with fees from November 29

Binance France has told customers that their accounts will close on December 31, 2026, and that crypto balances still on the platform will be charged a monthly fee from November 29, according to an email from the exchange reported by the French crypto outlet Cryptoast. The exchange said the closure is part of an orderly wind-down of its activities in France. Deposits are already blocked, but withdrawals remain open, Binance said, according to crypto.news.

What Binance France told customers

In the email, Binance said that if customers have not withdrawn their crypto assets by December 31, the message serves as notice that it intends to treat the account as inactive under its terms of use. That can lead to the conversion, transfer, or other processing of those assets, according to Cryptoast, which quoted excerpts of the email in French.

The fee rules, as Cryptoast described them from the email (crypto.news reported the same terms from customer notices):

• From November 29, which the email sets as the calculation date, the monthly fee is 0.025% of the crypto left in the account or 10 USDC (Circle's dollar stablecoin), whichever is higher.
• The first deduction is scheduled within three days after November 29, and a second is expected after December 24.
• Fees come out of available USDC first and, if that is not enough, out of other crypto in the account.
• If the balance is smaller than the fee, the whole balance is deducted.
• Accounts that have withdrawn all their crypto before November 29 are not charged the fee.

Binance has not published the fee terms, and the spokesperson statements reported by Cointelegraph and crypto.news did not address them. Trading Notified has not seen the email itself. The reports give no time or time zone for the November 29 cutoff.

Because the minimum is 10 USDC, the percentage only matters for balances worth more than 40,000 USDC: 0.025% equals 10 USDC at a balance worth 40,000 USDC. On a balance worth 1,000 USDC, the 10 USDC minimum is 1% per month.

Binance and the end of France's MiCA transition period

The EU's Markets in Crypto-Assets Regulation (MiCA) requires crypto service providers to hold an authorization to serve customers in the bloc. Firms already operating under France's earlier national regime could continue during a transition period that ran until July 1, 2026, the Autorité des marchés financiers (AMF), France's financial markets regulator, said in a July 6 release. Since July 2, authorization has been mandatory.

Binance had no MiCA authorization from any EU member state when that deadline passed and has since been cutting back some services for customers in the bloc, Cointelegraph reported. A Binance spokesperson told Cointelegraph on November 8 that, after the end of the MiCA transition period, the exchange is "progressively restricting certain services for affected users, in line with the schedule previously communicated to them."

Reports from other EU countries

According to crypto.news, similar notices "have circulated among customers in Spain, Italy and Poland." The outlet also reported that a Binance spokesperson told CoinDesk on November 7 that affected accounts will close as of December 31. Cointelegraph said it had also asked Binance about reports of similar emails to users in Spain and Belgium; the spokesperson's reply did not refer to either country. Trading Notified could not find a list of affected countries or a count of affected accounts published by Binance.

What it could mean for traders

Because the minimum charge is fixed at 10 USDC, the fee weighs most on small balances, as the figures above show. Withdrawals remain open, but Binance has not said it will drop the usual network fees on crypto withdrawals, according to crypto.news.

Separately, as of November 8, Binance was still reopening withdrawals network by network after its October 29 hack, and its latest notice did not include a complete list of the assets that remained restricted, crypto.news reported. The reports on the France closure do not say whether those restrictions apply to Binance France accounts; our report on the phased reopening lists the networks restored by then.

Two points are not covered by the reports. No source explains how Binance will value crypto other than USDC when it applies the 0.025% rate, and the email excerpts quoted by Cryptoast do not say what converting or transferring assets from an inactive account would involve after December 31.

For customers elsewhere in the EU, the next marker is whether Binance publishes its own schedule or a list of affected countries. Until then, the dates rest on customer notices and on the spokesperson's statement to CoinDesk, as reported by crypto.news.