Binance France will shutter all user accounts by December 31, 2026, following the exchange's failure to secure Markets in Crypto-Assets (MiCA) regulatory authorization before the July 1 deadline.
Starting November 29, any assets remaining on the platform will be subject to a monthly maintenance fee of 0.025 percent of account balance, with a 10 USDC minimum. Users received email notification in early November of the closure timeline.
Accounts holding balances past December 31 will be classified as inactive under Binance's terms of use, which permits "conversion, transfer or other processing" of crypto-assets—meaning the exchange can liquidate or transfer holdings at its discretion.
The closure affects a substantial user base: Binance's app logged more than 4 million EU downloads last year, and the exchange serves at least 300 million global customers.
Binance had already restricted key services for EU users in late June as the MiCA transition period ended. A company spokesperson confirmed the phased approach: "Following the end of the MiCA transition period, Binance is progressively restricting certain services for affected users, in line with the schedule previously communicated to them."
Reports indicate similar closure emails were sent to users in Spain and Belgium, though Binance did not confirm specifics.
