Binance France will permanently close all customer accounts on December 31, 2026, after failing to secure authorization under the European Union’s Markets in Crypto-Assets regulation. The company has already halted deposits and notified users that monthly management fees will apply from November 29 to any balances left on the platform.

The move affects accounts held specifically with the French legal entity. It does not extend to the global Binance platform. Trading services for French residents, including spot, margin and futures, ended following the MiCA transition deadline of June 30, 2026. An estimated two million French users lost access to trading at that time while retaining the ability to withdraw funds.

Fee Structure and Timeline

Starting November 29, any open Binance France account still holding assets will incur a monthly management fee equal to 0.025 percent of the balance or 10 USDC, whichever is higher. The first deduction is expected within three days of November 29, with a second charge planned after December 24.

Fees will be taken first from any USDC holdings. If those are insufficient, the platform may draw from other cryptocurrencies in the account. Accounts emptied of all assets before the November 29 calculation date will avoid the charges entirely. For smaller balances, the 10 USDC minimum means holders of less than roughly $40,000 will pay the flat fee, potentially totaling 20 USDC across the two scheduled deductions.

The notice further states that remaining assets after the closure date may be subject to conversion, transfer or other handling under the company’s terms of use.

Regulatory Background

The shutdown stems directly from Binance France’s inability to obtain MiCA authorization by the required deadline. France’s financial markets regulator, the AMF, removed the firm from its list of registered digital asset service providers on July 2, 2026. EU authorities, including the AMF and the European Securities and Markets Authority, required an orderly wind-down of operations.

MiCA replaced earlier national registration systems such as France’s PSAN regime with a single EU-wide framework aimed at regulating crypto-asset service providers and strengthening consumer protections. Only a minority of European crypto firms secured the necessary authorization by the deadline, according to industry data.

User Options and Context

Withdrawals remain available. Users can close accounts voluntarily ahead of the December 31 deadline. Assets left behind risk automatic handling once accounts are deemed inactive. Competing platforms licensed under MiCA have already targeted former Binance France customers with onboarding campaigns.

The timing coincides with separate operational pressures on the broader Binance group following a major security incident disclosed in late October. For French account holders, the immediate practical step is completing withdrawals before the November 29 fee window opens.

The French entity’s exit leaves open the longer-term question of whether Binance will re-enter the EU market through authorization in another member state. For now, affected customers face a clear sequence of deadlines focused on the orderly transfer of remaining funds.