Customers of Binance France have been told to move their crypto out. In an email sent on Friday, November 6, 2026, the French arm of the world’s largest crypto exchange said that all of its customer accounts will be closed on December 31, 2026. Anyone who leaves coins on the platform past November 29 will start paying a monthly fee.
A Binance spokesperson confirmed that the affected accounts will be closed with effect from December 31 and said the process is being managed step by step, with no sudden freeze.
Key facts
- Closing date: December 31, 2026, for every Binance France account.
- Deposits: no longer possible. Withdrawals still work.
- Fee start: November 29, 2026, is the day balances are measured for the first charge.
- Fee size: each month, 0.025% of the balance or 10 USDC, whichever is higher.
- When it is taken: a first charge within three days after November 29, and a second one after December 24.
- How it is taken: from the account’s USDC first, then from other crypto if there is not enough USDC.
- How to avoid it: customers who withdraw everything before November 29 pay nothing.
- After December 31: crypto still on an account will be treated as inactive under Binance’s terms of use, which may lead to the assets being converted or transferred. Binance has not explained in detail what that would mean.
What the fee means in practice
Because the fee is the higher of the two amounts, almost everyone pays the flat 10 USDC: 0.025% only becomes larger than 10 USDC on a balance above about $40,000. An account that still holds crypto for both charges would pay at least 20 USDC in total. An account worth less than the fee would lose what is left.
Why this is happening
The European Union’s crypto law, MiCA (Markets in Crypto-Assets), requires crypto firms to hold a licence to serve customers in the EU. France gave firms that were already registered extra time to get one, but that window ended at the start of July 2026. Binance France did not have a MiCA licence by then. From July 1, French customers could no longer trade on the platform and could only withdraw. France’s market regulator, the AMF, lists Binance France’s old registration as having lapsed on July 2.
Binance says it is still working toward a European licence and that its commitment to Europe has not changed. In June, it withdrew the MiCA application it had filed in Greece.
Why it matters
Many French customers may still have coins sitting on accounts that can no longer trade. For them, there is now a hard deadline: move the crypto to another wallet or a licensed platform before November 29, or start paying for an account that is about to close. It is also the clearest sign so far of what MiCA means in practice: even the largest exchange in the world must leave a country when it lacks the EU licence.
This article is for information only and is not financial advice.
