Binance France to close every account and charge fees on leftovers

The exit has a deadline and a price tag. Binance France will shutter every account on Dec. 31, and balances left behind from Nov. 29 will incur a monthly fee of 0.025%, with a minimum of 10 USDC, according to media reports citing user emails.

Users who want out without charges need to complete withdrawals before Nov. 29. A Binance email cited by Cryptoast said the account will close as of Dec. 31, 2026, and warned that untouched crypto-assets could be converted, transferred or otherwise processed if the account is deemed inactive.

The closure follows Binance’s failure to land MiCA authorization from an EU member state before a July 1 deadline. Cointelegraph reported in late June that EU users would see key services restricted. A Binance spokesperson told Cointelegraph the exchange is “progressively restricting certain services for affected users, in line with the schedule previously communicated to them.”

Binance’s global base counts at least 300 million customers, according to media reports, and its app was downloaded more than 4 million times in the EU last year. Asked about similar emails in Spain and Belgium, the spokesperson did not address them.