Binance France to Close All Customer Accounts on December 31 After MiCA License Failure

Published November 7, 2026, 2:45 PM PKT. Based on the Binance customer email of November 6, 2026, as reported by Cryptoast (primary source), with secondary reporting from Crypto Briefing, news.bitcoin.com, WuBlockchain and Coinlab.

Binance emailed its French customers on November 6, 2026, telling them every Binance France account will close on December 31, 2026, after the exchange failed to obtain authorization under the European Union's Markets in Crypto-Assets (MiCA) framework. Deposits are already impossible and trading for French residents has already ended, leaving withdrawals as the only service still running. From November 29, any account still holding assets will pay a monthly management fee of 0.025% of the balance or 10 USD Coin ($USDC), whichever is higher. The closure ends Binance's presence in France, one of Europe's largest crypto markets, and it affects the French entity only, not Binance's global platform.

The November 29 fee clock

The fee is the near-term deadline customers need to act on. Binance said the monthly charge will apply to every account still holding assets from November 29, calculated at 0.025% of the account balance or 10 USDC, whichever is higher, according to Cryptoast, which quoted the email. The first deduction is scheduled within three days after November 29, and the second after December 24, Cryptoast reported. Because the 10 USDC minimum is the higher figure for any balance below about $40,000, most small accounts that stay open will pay 10 USDC a month, not a percentage of their holdings. Customers who withdraw all of their crypto before November 29 will avoid the charges entirely, Cryptoast said. The fee is deducted primarily from USDC, and if there is not enough USDC, from other crypto assets held in the account, according to reporting of the email by Cointime.

What happens to assets left behind

The December 31 deadline is the hard one. Binance's email said that because of the orderly cessation of activities, the customer's Binance France account will be closed as of December 31, 2026, and that if crypto assets have not been withdrawn by that date, the message counts as notice of the company's intention to consider the account inactive, in line with its terms of use. Cryptoast reported that assets remaining after the closure may be converted or transferred by Binance under those terms, although the email quoted by the publication did not spell out a conversion for each asset. Customers can also close their accounts voluntarily rather than wait for the December 31 deadline. No official Binance announcement page for the closure had been published at the time of writing, according to Coinlab, so the details come from the customer emails quoted by the French press.

How Binance France got here

The closure caps an exit that has been unfolding in stages through 2026. Binance France SAS was previously registered in France as a Digital Asset Service Provider, known by its French acronym PSAN, but MiCA replaced national regimes like PSAN with a single EU-wide authorization, and MiCA became mandatory for crypto service providers on June 30, 2026. Binance's MiCA application had not been approved by the July 1 transition deadline, and on July 2, 2026, France's financial markets regulator, the AMF, struck the firm from its PSAN list. From July 1, Binance suspended several services for French users, including new registrations, deposits, spot orders and Earn products, while keeping account access and withdrawals available, according to The Crypto Times. About 2 million French users lost trading on July 1, according to news.bitcoin.com. Binance withdrew its Greek license application in June, and had said it would seek a license in another EU country, according to reporting cited by Criptoperiodico. That search did not produce an authorization in time to keep the French business running.

MiCA's wider cull

Binance France is the most prominent casualty of MiCA so far, but it is not the only one. TRM Labs found that only 281 of 1,343 crypto service providers had secured authorization under the framework, a cull in which MiCA purged about 80% of European firms, according to news.bitcoin.com. The firms that did win authorization are now courting the customers Binance is losing. OKX founder Star presented OKX Europe, which operates under MiCA, MiFID and payment institution frameworks and is authorized by the Malta Financial Services Authority, as an option for French users seeking regulated access, according to Blockonomi. Cryptoast's own guide to the closure, published November 7, lists OKX and Bybit EU among the MiCA-authorized platforms French users can move to, and notes that transferring crypto to an authorized platform or a personal wallet does not trigger tax.

What to watch next

Three things will decide how the closure plays out. The first is how many French customers withdraw before November 29, since every account still funded on that date starts paying the monthly fee. The second is what Binance does with assets left after December 31, and whether it publishes a clear conversion or transfer process for them, since the email quoted so far leaves the treatment of unclaimed assets vague. The third is whether Binance renews its search for a MiCA authorization elsewhere in the European Union, which would decide whether French users can return to the platform in future under a different entity. Until then, the message to French customers is unambiguous: withdrawals are the only service left, the fee clock starts on November 29, and the accounts close on December 31.

Sources

• Cryptoast, Binance annonce la clôture des comptes de ses utilisateurs français au 31 décembre, November 6, 2026 (primary source: Binance customer email sent November 6, 2026, quoted in full; all Binance France accounts to close December 31, 2026; deposits already impossible; monthly fee of 0.025% of balance or 10 USDC, whichever is higher, from November 29; assets left after December 31 may be treated as inactive and converted or transferred; source listed as Binance)
• Crypto Briefing, Binance France to close all customer accounts by year end, with fees on idle balances from November 29, November 7, 2026 (secondary reporting: December 31 closure; November 29 fee start; 0.025% or 10 USDC monthly charge; deposits blocked, trading ended, withdrawals only; PSAN expiry; AMF removal from the PSAN list on July 2, 2026)
• news.bitcoin.com, Binance France To Charge Idle Accounts Fees Before Shutting Them Down, November 7, 2026 (secondary reporting: about 2 million French users lost trading on July 1; TRM Labs found only 281 of 1,343 crypto service providers secured authorization; MiCA mandatory June 30, 2026; Binance withdrew its Greek license application in June)
• WuBlockchain via Spendnode, Binance France Sets December 31 Account Closures, Fees Start Earlier, November 7, 2026 (secondary reporting: WuBlockchain November 7 report; Cryptoast and CryptoActu reporting that Binance communicated the changes by email; first deduction within three days after November 29; customers withdrawing everything before November 29 avoid the charges)
• Coinlab, Binance to Close Its French Customer Accounts on Dec. 31, November 6, 2026 (secondary reporting: emails went out November 6; fee 0.025% of balance per month with 10 USDC minimum; French accounts withdrawal-only; no official Binance announcement page found at the time of writing)
• Blockonomi, OKX Founder Targets Binance France Users Ahead of December Shutdown, November 7, 2026 (secondary reporting: OKX founder Star presenting OKX Europe as an option for French users; OKX Europe authorized by the Malta Financial Services Authority under MiCA, MiFID and payment institution frameworks)
• Cryptoast, Binance fermera votre compte le 31 décembre : vers quelle plateforme migrer ?, November 7, 2026 (secondary reporting: fee is 10 USDC per deduction for any balance below about $40,000; first deduction within three days after November 29; second after December 24; transferring crypto to an authorized platform or a personal wallet does not trigger tax)

This article is news reporting and is not investment advice.