Binance France emails announce closure of its users’ accounts on Dec. 31
Any assets left on the exchange will be charged monthly fees starting on Nov. 29, company says.
Binance, the popular cryptocurrency exchange, has announced its closure of user accounts in France, effective December 31, 2026. This decision comes as the company prepares to wind down its operations in the country. Users were notified via email in early November, with Cryptoast, Crypto Briefing, and other media outlets reporting on the matter.
From November 29 onward, any assets remaining on the exchange will incur monthly maintenance fees. These fees will be either 0.025% of the balance or a minimum charge of 10 USDC, a stablecoin linked to the US dollar. To circumvent these fees, users are urged to withdraw their funds by November 29.
According to a Binance email cited by Cryptoast, the closure of the Binance France account is set for December 31, 2026. If users have not withdrawn their crypto-assets by this date, their accounts will be considered inactive. This inactivity could lead to the conversion, transfer, or other processing of their crypto-assets, as stipulated in the exchange's Terms of Use.
Binance's EU services have been under scrutiny following the company's failure to secure Market in Crypto-Assets (MiCA) regulatory authorization from a member state before the July 1 deadline. In late June, Cointelegraph reported that Binance had notified European Union users that access to key services would be restricted post-MiCA transition.
A Binance spokesperson responded to a Cointelegraph query, stating that the exchange is progressively restricting certain services for affected users following the end of the MiCA transition period. However, the spokesperson did not specifically address reports of similar emails being sent to users in Spain and Belgium.
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