Binance France to Close Accounts on December 31
Binance France accounts face closure on December 31. Monthly fees of 0.025%, with a 10 USDC minimum, begin from the November 29 calculation date.
Key Notes
- Binance France plans to close its customer accounts on December 31 as its regulatory wind-down continues.
- Remaining balances face monthly fees from the November 29 calculation date at 0.025% or 10 USDC, whichever is greater.
- The notice concerns accounts held with the French entity rather than every Binance user living in France.
Binance France plans to close its customer accounts on December 31, 2026, with fees on remaining crypto balances starting a month earlier as the business completes its regulatory wind-down.
A customer email reported by Cryptoast on November 6 sets November 29 as the calculation date for a monthly charge of 0.025% of the balance or 10 USDC, whichever is greater. Deposits are already restricted.
The closure concerns accounts held with Binance France, the French legal entity. It should not be read as a notice covering every Binance customer who lives in France. The relevant account provider and the individual customer’s notification determine the scope.
Fees Begin Before the Closure Date
The 10 USDC minimum makes the charge more significant for small balances than the headline percentage suggests. By CoinScreamer’s calculation, the percentage and minimum are equal at a balance worth 40,000 USDC. Below that level, the minimum applies, subject to the amount available.
For example, a balance worth 2,000 USDC would generate a percentage-based fee of just 0.50 USDC, but the minimum would increase the charge to 10 USDC. On a 60,000 USDC balance, the percentage produces a 15 USDC charge. These are illustrative calculations assuming the stated account values.
CryptoActu reports that the first deduction is scheduled within three days after November 29, with a second after December 24. Fees are taken from available USDC first, then from other cryptocurrencies if necessary.
If a balance is smaller than the fee due, the deduction is capped at the remaining assets and can empty the account. Customers who withdraw all their crypto before November 29 will not incur these balance fees, according to the reported notice.
The MiCA Transition Ended in July
The French regulator’s AMF register lists Binance France SAS as having lost its national digital-asset service provider registration on July 2, 2026. The stated reason is automatic expiry following the end of the MiCA transitional period.
The AMF had warned providers that firms operating under the old French regime needed MiCA authorization to continue after the transition. Businesses that would stop operating were asked to allow enough time for an orderly exit.
Binance’s June 24 European update said it had withdrawn its licensing application in Greece and would seek authorization in another EU member state. The company said no formal decision had been issued before that withdrawal.
CoinScreamer subsequently covered regulatory questions about Binance’s continued EU services. The December deadline adds a concrete account-closure date to the French wind-down.
What Happens to Remaining Assets
The email quoted by Cryptoast says assets left after December 31 may be converted, transferred or otherwise handled under Binance France’s terms after the account is treated as inactive. The quoted notice does not specify a conversion asset, valuation rate or destination provider.
The published email image also warns against attempting fresh deposits, which may fail and create transaction costs or delays before funds are returned. It asks affected customers to withdraw their digital assets before the closure.
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