Binance Tells Users in France and Other EU Countries to Withdraw Before Accounts Close on December 31

Binance is notifying users in France and several other European countries that their accounts will close at the end of the year. Cointelegraph reported on November 8, citing Cryptoast, that French customers received emails stating: “Due to the orderly cessation of activities, your Binance France account will close as of December 31, 2026.”

According to the emails cited by Cryptoast and CoinDesk, users should withdraw by November 29 to avoid fees. After that, balances face a monthly charge of 0.025% or 10 USDC, whichever is higher, and CoinDesk reported that accounts holding less than the fee could have the whole balance taken. Fees come from USDC first. Crypto left after December 31 may be treated as inactive and converted or transferred under Binance’s terms.

CoinDesk said users in Spain and Poland also reported notices, with posts on X suggesting Italy as well. Deposits are blocked, but withdrawals of crypto and fiat remain possible, and Binance says there is “no sudden freeze.”

The cause is the end of the EU’s MiCA transition period. CoinDesk reported that Binance withdrew its Greek license application in June and does not yet appear in ESMA’s register of authorized providers. France’s AMF told CoinDesk the Binance France registration lapsed on July 2. A spokesperson said Binance is “progressively restricting certain services for affected users” and that its “commitment to Europe remains unchanged.” The spokesperson did not address the Spain and Belgium reports.

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Sources:

• Cointelegraph: Binance France announces closure of users accounts

• CoinDesk: Binance users in some European countries told to pull crypto before fees kick in