The Binance France account closure will take effect by December 31, 2026, but customers holding assets face an earlier fee deadline. Binance’s French arm has notified users that monthly charges begin on November 29, following its failure to obtain authorization under the European Union’s MiCA framework.

Summary

Key takeaways

  • Only Binance France accounts are affected, not the global Binance platform.
  • Unwithdrawn balances face a 0.025% monthly fee, with a 10 USDC minimum.
  • Trading has ended, leaving withdrawals as the remaining service.

Customers received email notices in early November 2026. The two deadlines serve different purposes: November 29 marks the start of charges on remaining assets, while December 31 is the account shutdown deadline.

Binance France account closure follows MiCA authorization failure

Binance France is closing customer accounts because it did not secure authorization under MiCA, the EU’s Markets in Crypto-Assets framework. The shutdown applies specifically to the French entity and does not extend to the global Binance platform.

This withdrawal came after Binance France SAS’s previous registration as a Digital Asset Service Provider, referred to in France as PSAN, had lapsed. By the July 1, 2026 transition deadline, its MiCA application had not been approved.

France’s financial markets regulator, the AMF, struck the firm from its PSAN list on July 2, 2026. Regulators, among them the AMF and ESMA, the EU’s securities markets authority, mandated an orderly wind-down under MiCA guidelines.

Fees begin before the year-end shutdown

Assets left on Binance France from November 29 will incur a 0.025% monthly management fee, subject to a 10 USDC minimum. Completing withdrawals before that date avoids those charges.

The percentage applies to the account balance. Fees will be collected in USDC or another asset remaining in the account, depending on its holdings after the cutoff. USDC is a stablecoin designed to track the US dollar one-for-one.

Deposits have been suspended, and trading for French residents has already ended. Spot trading and related products were discontinued in stages earlier in the year, leaving the service in a withdrawal-only state.

Customers can close their accounts voluntarily rather than wait for the December 31 deadline. The Binance France account closure therefore gives users a withdrawal deadline before the final shutdown date.

MiCA replaces France’s national registration system

MiCA establishes an EU-wide authorization framework in place of separate national approaches such as France’s PSAN regime. Its stated aims include regulating crypto markets and protecting users within the EU.

For Binance France customers, the compliance process has already changed the services available: deposits and trading are no longer available, while withdrawals remain open ahead of the December 31, 2026 closure.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.

Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she published a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector. As advisor, Amelia is also involved in metaverse-related project such as The Nemesis and OVER.