Binance France will close all accounts by the end of the year.

Binance France will close all customer accounts by December 31, 2026, and will start levying a monthly management fee on accounts holding assets from November 29. The fee equals the higher of 0.025% of the account balance or 10 USDC, deducted first from USDC balances, with any shortfall covered by other crypto assets. Binance France has notified users that accounts failing to withdraw assets before the closure date may be deemed inactive, and their assets may be converted, transferred, or otherwise processed in accordance with the platform’s terms of service. Accounts that withdraw all assets before November 29 will not be charged the aforementioned fees. Earlier reports noted that MiCA regulations will take full effect after the transition period ending June 30/July 1, 2026. Binance France failed to obtain necessary approvals on time, so it must orderly cease operations in France. Starting July 1, 2026, French users can no longer conduct trades (spot, leverage, futures, etc.) and will only be able to withdraw funds. Approximately 2 million French users are affected.