Binance France to close all customer accounts by year end, with fees on idle balances from November 29
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Binance France's closure highlights regulatory challenges in the crypto sector, urging users to act swiftly to avoid financial penalties.
Photo: Rafael Minguet Delgado / Pexels
After failing to secure a MiCA license, the exchange's French arm is charging monthly fees on leftover assets ahead of a December 31 shutdown
Fri 6 Nov 2026 · 20:05 EST · 3 min read
In Regulation
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Binance France is shutting its doors to French customers. All accounts will be closed on December 31, 2026, and any assets still sitting on the platform will start incurring monthly fees from November 29.
The exit follows Binance France’s failure to obtain authorization under the European Union’s Markets in Crypto-Assets framework, better known as MiCA. For users, the practical message is short: get your assets out, and do it soon.
What users need to know
Customers were notified by email in early November 2026. The timeline is tight.
As of November 29, deposits are blocked. Trading has already ended for French residents, and the only feature left is withdrawals.
Accounts that still hold a balance after that date will pay a monthly maintenance fee. The charge is 0.025% of the account balance, with a minimum of 10 USDC.
USDC is a stablecoin, a token designed to track the US dollar one-for-one. The fee will be taken in USDC or in whatever other asset the account happens to hold, depending on what remains after the cutoff.
A quick bit of arithmetic shows why the minimum matters more than the percentage. At 0.025%, a balance would need to reach 40,000 USDC before the percentage-based fee exceeds the 10 USDC floor.
The way to avoid the fees is to finish withdrawals before November 29. Users can also close their accounts voluntarily at any point, rather than waiting for the December 31 deadline to do it for them.
How Binance France got here
The closure caps off an exit that has been unfolding in stages throughout the year. It started with the expiry of Binance France SAS’s earlier registration as a Digital Asset Service Provider, known in France by its acronym PSAN.
The PSAN regime was France’s national gatekeeping system for crypto firms. MiCA is the EU-wide rulebook that replaces such patchwork national approaches with a single license.
Binance France’s MiCA application did not succeed by the July 1, 2026 transition deadline. The following day, July 2, 2026, the firm was removed from the PSAN list kept by the AMF, France’s financial markets regulator.
From there, regulators including the AMF and ESMA, the EU’s securities markets authority, required an orderly wind-down in line with MiCA guidelines.
Service restrictions then arrived one by one. Spot trading and related products were discontinued earlier in the year, gradually stripping the platform down to its current withdrawal-only state.
What this means for users
The most immediate stakes belong to French customers with balances still on the exchange. Their decision window effectively closes on November 29, not December 31.
Waiting until the final days of December means paying at least one round of maintenance fees for the privilege of procrastinating. The December date is when accounts close; the November date is when leaving starts to cost money.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
