Binance It has been confirmed that the affected European customer accounts will be closed on December 31, 2026, due to the end of the transition period for the European Union's Crypto Asset Markets Regulation Act ( MiCA ). Starting from November 29th, a monthly fee will be charged on the remaining crypto assets in the accounts.

- Binance It is confirmed that affected European customer accounts will be closed on December 31 after the transition period ends on MiCA.

Starting from November 29th, a monthly fee will be charged on the remaining balance, with a minimum charge of 10 USDC.

Customers in France, Spain, Italy, and Poland have reported receiving notifications from the exchanges regarding the closure of their accounts.

- Binance France automatically lost its national registration status on July 2 after the previous regulatory arrangements came to an end.

Accounts with a balance below the minimum fee may have their remaining encrypted assets deducted.

The exchange has sent customer notifications to users in France, Spain, Italy, and Poland, stating that services in these regions have been restricted since July. Binance confirmed that the closure measures apply to affected accounts and indicated that customers can still withdraw their cryptocurrency and fiat balances during the closing process.

The new fee arrangement means that customers who wish to avoid paying fees for keeping their assets on the platform need to take action sooner. Accounts holding smaller amounts will face a minimum monthly fee of 10 USDC, regardless of whether the amount calculated proportionally would be lower.

Binance Confirmed that accounts in multiple European countries will be closed on December 31

After failing to obtain authorization under the 'Cryptocurrency Market Regulation Act' before the end of the transition period, Binance has been in contact with European customers, informing them of the account closure schedule.

On November 7, a spokesperson from Binance stated to CoinDesk: "Affected accounts will be closed starting from December 31, 2026."

The company described this closure as a well-ordered process that involved service restrictions of which customers had been previously informed. Deposits from affected accounts have been blocked, but withdrawals are still available.

French users received emails explaining that Binance France would close their accounts as part of a phased cessation of operations. Customers in Spain, Italy, and Poland also received similar notifications, although the company has not yet disclosed the number of accounts affected by country.

Binance indicates that customer assets remain accessible during the withdrawal period, and denying this process does not mean that the balance will be immediately frozen.

In July this year, crypto.news reported that after the MiCA deadline, Binance ceased to provide spot and margin trading to French customers, and the relevant restrictions came into effect accordingly. While the company was reducing its services, withdrawals were still available.

The closure notice in December set a final account deadline for users who still held assets during the restricted service period.

Starting from November 29th, a monthly fee will be charged for any remaining encrypted balance.

Notification shows that Binance will charge a fee of 0.025% of the customer's remaining cryptocurrency balance per month, with a minimum fee of 10 USDC.

The exchange will charge based on the higher of the two amounts, which means accounts with a balance of less than approximately $40,000 will be affected by the lower fee rate.

For example, if a customer holds $1,000 in cryptocurrency assets, the fee calculated at 0.025% would be only $0.25; therefore, a charge of 10 USDC will be incurred. Based on this assessment, the minimum fee is equivalent to 1% of their holdings.

If the balance is $100, the same minimum fee of 10 USDC will also apply, which is equivalent to 10% of the account value. If the balance is lower than the applicable fee, the exchange will notify that the entire remaining amount may be deducted.

November 29th is the first date for calculation, and the first fee deduction is scheduled to be completed within the following three days. Another calculation will be conducted after December 24th, which may result in a second charge before the account is closed.

According to customer instructions, Binance will prioritize collecting fees from the available USDC. If these funds are insufficient, the exchange may use other cryptocurrencies held in the account.

Customers who withdraw all their balances before November 29th will avoid new maintenance fees. The exchange has not yet indicated whether it will waive the usual blockchain withdrawal fees.

Registration qualification becomes invalid after the expiration date of MiCA.

This account closure is due to changes in European cryptocurrency regulation: registration arrangements in multiple countries have been replaced by a unified authorization system.

French financial regulatory authorities Autorit é des march és financiers have confirmed that the transition period will end on July 1st, which means that companies providing related crypto services must obtain authorization.

Public records from regulatory authorities show that Binance France SAS has held French national registration status since May 4, 2022. However, due to the termination of the previous French regulatory framework and the company not obtaining authorization for MiCA, its registration status automatically expired on July 2.

Binance once applied for an EU license through Greece, but withdrew the application in June. Subsequently, the company stated that it would apply for authorization from another member state, but did not disclose the alternative jurisdiction.

After the deadline, regulatory reviews continued. In October, a review of Binance's EU services focused on its use of the "reverse solicitation" rule, which refers to exemption clauses that are initiated by customers and apply to certain services.

The company insists that it is advancing the authorization process and intends to continue its business operations in Europe.

Any remaining assets after December 31 will be transferred.

A notice sent to French customers by Binance warns that cryptocurrencies remaining after December 31 may be subject to the terms for inactive accounts.

The notification states that the remaining assets may be converted, transferred, or otherwise disposed of in accordance with the exchange's service terms.

Binance The public terms allow for certain measures to be taken regarding dormant accounts, including transferring assets to other custodians and charging maintenance fees. Customers who wish to retrieve their assets may need to meet additional verification requirements.

In the explanation sent to customers in July, the exchange stated that during the period of regulatory transition, affected users could still use the withdrawal options that had been communicated to them.

The latest MiCA registry of the European Securities and Markets Authority was updated on November 5th, listing authorized crypto service providers. Binance has not yet announced that it has successfully obtained EU authorization, but its spokesperson stated that while the company is closing affected accounts, it continues to advance its licensing application process.