Binance France Tells Customers to Withdraw as Accounts Close at Year End

Binance is winding down its French operations and has emailed customers to say every account will shut on Dec. 31, 2026. Users who want to avoid charges need to take their funds out by Nov. 29, because a monthly maintenance fee starts on that date. The fee is 0.025% of the remaining balance, with a minimum of 10 USDC.

What Happens to Leftover Crypto

Inactive Account Warning

The email describes the closure as an orderly end to activities. Anyone who still holds crypto after Dec. 31 will have the account treated as inactive under the platform’s terms, which can lead to the assets being converted, transferred or otherwise processed.

Why Binance Is Pulling Back in Europe

MiCA Deadline Missed

In June, the exchange told EU users that key services would be limited after it failed to win authorization under the MiCA rules from a member state before the July 1 deadline. On Sunday, a spokesperson said Binance is gradually restricting some services for affected users according to the schedule already shared with them. Asked about similar emails reportedly sent in Spain and Belgium, the spokesperson did not address them.

Scale of the User Base

Binance is believed to have at least 300 million customers worldwide, and its app was downloaded more than 4 million times in the EU last year.