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Binance to close affected EU accounts on 31 December, starting monthly fees 29 November

Binance France customers, and users in Spain, Italy and Poland who say they got the same email, are told deposits are blocked and leftover balances face a monthly fee of 0.025% or 10 USDC, whichever is higher. Accounts emptied before 29 November pay nothing.

November 6, 2026 · Announced · Verified 2026-11-08 via official announcement

Binance France is telling customers that their accounts will close from 31 December 2026 because Binance did not obtain a MiCA licence by 30 June 2026, according to an email published by the French crypto outlets CryptoActu and Cryptoast on 6 November. Deposits are restricted and customers are asked to withdraw as soon as possible. Accounts still holding crypto on 29 November will pay a monthly fee of 0.025% of the balance or 10 USDC, whichever is higher. A Binance spokesperson confirmed the 31 December closure for affected accounts to CoinDesk on 7 November, and users in Spain, Italy and Poland say they received the same email.

None of this has taken effect yet except the deposit restriction. Cryptoast and CryptoActu report a first deduction within three days of 29 November, which Binance calls the calculation day, and a second after 24 December. Fees come out of USDC first, then other crypto in the account. If the balance is smaller than the fee, Binance takes the whole balance. On 1,000 USDC the 10 USDC minimum works out to 1% per deduction; the percentage only exceeds the minimum above 40,000 USDC.

Binance confirmed the closure date to CoinDesk on 7 November. A spokesperson said the exchange is "progressively restricting certain services for affected users" after the end of the MiCA transition period, and that "Affected accounts will be closed with effect from 31 December 2026." Deposits are blocked, but customers can still withdraw crypto and fiat balances, the spokesperson said. CoinDesk reports that users in Spain, Italy and Poland have said on X that they received the closure email too. In June Binance had urged users in France, Spain, Italy and Poland to withdraw; those are the countries where it ran locally registered businesses before the transition period ended. Binance has not published which countries the 31 December closure covers, and the Spanish, Italian and Polish emails were not seen by DexSheet.

Crypto still in an account on 31 December may be treated as inactive under Binance's terms, which the email says can lead to conversion, transfer or other handling of those assets. Cryptoast reports that accounts fully withdrawn before 29 November pay no fee and that customers can close their accounts at any time.

The Cryptonomist reported on 7 November that the closure covers Binance France accounts, not Binance's global platform; CoinDesk's reporting the same day suggests it reaches other countries where Binance ran local entities. France's markets regulator, the AMF, lists Binance France SAS as struck off its register of crypto service providers on 2 July 2026, with the registration lapsing automatically at the end of the MiCA transition period. Binance withdrew its MiCA application in Greece in June and said it would pursue authorisation in another member state.

Withdrawals are not yet fully restored after the 29 October hack, which matters for anyone clearing an account before the fee date. On 7 November, Binance's network status data showed withdrawals closed for HYPE, APT and XPL, and for INJ, NEAR and LTC on their own networks. Binance said on 6 November it is working to reopen them by the end of the following week, a target rather than a set date.

How this was checked: DexSheet read the top part of the email in a screenshot published by CryptoActu, which shows the closure date, the deposit restriction and a warning that new fees may apply. The fee figures and the wording on inactive accounts come from Cryptoast's and CryptoActu's accounts of the email. DexSheet did not find a public notice on binance.com; the closure date was confirmed by a Binance spokesperson to CoinDesk on 7 November. The email calls itself a reminder of earlier messages, which DexSheet has not seen.

“En raison de la cessation ordonnée des activités, votre compte Binance France sera clôturé à compter du 31 décembre 2026.”

— Binance email to Binance France customers, screenshot published by CryptoActu

Who this affects

People holding crypto in Binance accounts covered by the closure notice. That includes Binance France customers and, per user reports cited by CoinDesk, some users in Spain, Italy and Poland. Binance has not published a list of affected countries. Users in EU countries where Binance had no local entity, such as Portugal, have not been singled out in the same way, according to Expresso.

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