Binance France is set to shut down customer accounts on December 31 after failing to secure authorization under the European Union’s MiCA framework. With deposits already blocked and new fees coming later this month, French users have a limited window to withdraw their assets before the local platform closes.
Binance France Sets December 31 Deadline
Binance France will permanently close accounts tied to its French legal entity on December 31, 2026, following its failure to obtain authorization under the Markets in Crypto-Assets (MiCA) framework.
The exchange has already suspended fiat and cryptocurrency deposits for affected accounts. The closure follows Binance France missing the June 30 deadline to secure the required MiCA authorization.
SHOCKING: BINANCE IS SHUTTING DOWN ACCOUNTS IN FRANCE!
After failing to secure MiCA authorization, Binance France is reportedly closing affected accounts on December 31.
➡️ Deposits blocked
➡️ 0.025% monthly fee (10 $USDC minimum) from Nov 29
➡️ Final account closure: Dec 31 pic.twitter.com/z600M31xpW— Crypto Patel (@CryptoPatel) November 7, 2026
The move affects accounts held with the French entity and does not mean Binance is shutting down its entire global platform or every French user’s account.
For users still holding assets, however, the timeline is becoming increasingly important.
Binance Adds Fees Before Account Closure
Binance France will begin charging management fees from November 29 on accounts that continue to hold assets.
The fee will be 0.025% of the account balance per month, subject to a minimum charge of 10 USDC. The measure appears designed to encourage users to withdraw their assets before the final closure date.
The fees will be deducted directly from available USDC balances. If there is not enough USDC, Binance can use other cryptocurrencies held in the account to cover the charge.
Binance has also outlined scheduled withdrawals, with an initial withdrawal expected within three days of November 29, followed by another withdrawal after December 24.
What Happens to Remaining Crypto?
Users who fail to withdraw their assets before December 31 could see their remaining cryptocurrencies handled under Binance’s Terms of Service.
Depending on the circumstances, the assets may be converted, transferred or otherwise dealt with after the account closure. This makes the December 31 deadline more than just an administrative cutoff for affected customers.
For Binance France users, the immediate priority is clear, withdraw eligible assets before the account closure process begins, rather than risk additional fees or the automatic handling of remaining funds.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
