Crypto: Binance Announces Closure Of French accounts on December 31

Binance will close the accounts of its French clients as of December 31, 2026. The crypto platform informed its users by email after failing to obtain its European MiCA approval. Another bad news: starting November 29, accounts still holding cryptocurrencies will be subject to monthly fees of 0.025%, with a minimum of 10 USDC. Clients must now arrange the withdrawal of their funds.

Binance France will close accounts on December 31

The decision marks a new step in Binance’s regulatory difficulties. Since July, the crypto exchange can no longer offer its usual services to French residents. In September, it was still considering a return to France through an AMF approval.

This return has not yet happened. In an email reported on November 6 by Cryptoast and CryptoActu, Binance France announces the closure of accounts as of December 31. Users must withdraw their cryptocurrencies before this deadline.

The platform also reminds that deposits are no longer allowed. Any attempt can lead to transaction rejection, network fees, or a delay in recovering assets. Withdrawals remain available. Binance specifies that accounts still holding funds after December 31 may be considered inactive.

The remaining cryptocurrencies could then be converted, transferred, or be subject to other operations according to the terms of use. However, the platform does not specify the exact conditions of these possible conversions. Clients are therefore advised not to wait until the last day to arrange their withdrawals.

Fees of minimum 10 USDC starting November 29

Account closure is not the only news announced. Binance also introduces monthly management fees for users who keep assets on their French accounts.

The calculation will start on November 29. The amount corresponds to 0.025% of the balance, with a minimum of 10 USDC per deduction. Binance will systematically retain the higher amount.

For a portfolio of 1,000 dollars, fees will reach 10 USDC, not 0.25 USDC. From roughly 40,000 dollars in balance, the percentage starts to exceed this minimum. Two deductions are announced before the closure: the first within three days after November 29 and the second after December 24.

Fees will be deducted primarily from the available USDC. If the account does not contain enough, Binance may use other cryptocurrencies. A balance below 10 USDC could even be entirely absorbed.

Users who have withdrawn all their funds before November 29 will not be affected by these new management fees. This deadline arrives as MiCA regulation has profoundly changed the operating conditions of crypto platforms in Europe. For small holders, the minimum of 10 USDC can quickly represent a significant share of the funds held.

Lack of MiCA license pushes Binance towards exit

Since May 2022, Binance France had been among the digital asset service providers registered with the Financial Markets Authority. However, this status was no longer sufficient after the end of the MiCA European transitional regulation period.

Since July 1, 2026, providers must have appropriate approval to continue offering crypto services in the European Union. Binance did not obtain this authorization in time. The AMF officially noted the expiration of its French registration on July 2, 2026, within the framework of the end of the transitional regime.

The platform had previously withdrawn a license application filed in Greece. It then considered submitting a new file in France. However, no approval has allowed Binance France activities to resume.

This situation concerns the French entity and does not mean that Binance is closing all its international operations. The platform continues to operate in other jurisdictions, according to the applicable local authorizations and restrictions.

For French clients, two dates now matter: November 29 to avoid management fees and December 31 to withdraw assets before the announced account closure. Users must also verify addresses and chosen networks before each transfer to avoid any loss of cryptocurrencies.

The closure comes after several months of uncertainty about Binance’s future in France. Cointribune had already detailed the changes imposed on French crypto investors by MiCA and new regulatory obligations. This time, the exit date is announced. Clients must recover their funds without waiting for a possible reopening of services.