Binance France Sets Account Closure and Fee Timeline
Binance France is preparing to close all customer accounts on Dec. 31, 2026, after restricting several account functions for French residents. Customers whose accounts still hold assets from Nov. 29 will face a monthly management fee before the closure date, according to reports citing customer emails.
The reported timetable places particular importance on Nov. 29, when deposits are blocked and the fee calculation begins. The details have not been confirmed through an official Binance announcement page, and reporting on the process relies on messages sent to customers and cited by French publications.
What happened
Bitcoin.com News reported that Binance France will shut all customer accounts on Dec. 31 and introduce monthly charges for accounts that retain assets. The publication said French media reported on Nov. 6 that Binance had begun emailing customers about the changes and that deposits were no longer possible.
The monthly management fee is set at 0.025% of an account balance or 10 USDC, whichever is higher, according to Bitcoin.com News. The first fee is due within three days of Nov. 29. Bitcoin.com News also reported that, because of the 10 USDC minimum, accounts holding less than about $40,000 would pay the flat fee, and a small account could lose 20 USDC across two charges.
Cryptobriefing likewise reported that trading had already ended for French residents and that withdrawals are the remaining available function. It said customers were notified by email in early November and reported that Binance France accounts would be closed on 2026-12-31.
Spendnode, citing reporting from Cryptoast, said Nov. 29 is the calculation date and the initial deduction is scheduled within the following three days. It also reported that a second deduction is expected after Dec. 24. According to Spendnode, customers who remove all crypto before Nov. 29 would avoid the charges described in the reported email.
On how the charges would be collected, Spendnode reported that CryptoActu said fees would be taken from available USDC first, then from other crypto assets if necessary. It added that where an available balance is smaller than the charge, the deduction is capped at that balance and consumes it. Biggo and Bloomingbit also reported that USDC would be used first, followed by other crypto assets if USDC is insufficient.
Why it matters
The change turns a previously restricted service into a full closure process for customers held under the Binance France entity. The reported fee structure means that remaining balances are not simply preserved until the Dec. 31 closure date, but may be subject to deductions beginning in late November.
The minimum charge is significant for smaller balances because the reported fee is the greater of 0.025% or 10 USDC. Bitcoin.com News highlighted that the fixed minimum applies below about $40,000, while Spendnode published illustrative examples showing a 10 USDC charge on balances of 100 USDC, 1,000 USDC and 40,000 USDC.
For affected users, the relevant distinctions are whether an account is held with Binance France, whether it retains assets when the Nov. 29 calculation occurs, and whether the reported withdrawal-only access remains available through the closure process. Cryptobriefing said roughly 2 million French customers had lost spot, margin and futures trading from 2026-07-01 but retained withdrawal rights.
Background and context
The closure follows Binance France’s failure to obtain authorization under the European Union’s Markets in Crypto-Assets framework, known as MiCA, according to Cryptobriefing. The outlet reported that the authorization deadline was 2026-06-30 and that Binance France was removed from France’s AMF PSAN list on 2026-07-02.
MiCA replaced France’s national PSAN registration with a single EU license. Binance France did not secure the required authorization by the deadline, leading to a staged wind-down in which the service moved to withdrawal-only status before the reported account closure.
CoinLab reported on Nov. 6 that customer emails cited by Cryptoast and CryptoActu described blocked deposits and withdrawal-only French accounts. The reported developments therefore appear to affect accounts held with the Binance France entity, rather than describing a general change to every Binance account.
There remains an important limitation around the available reporting. No official Binance announcement page was found at the time of reporting, while the fee schedule, account status and operational timeline are based on customer emails described by Cryptoast and CryptoActu and relayed by other outlets. That leaves the published customer communications as the basis for the current details.
What to watch
The immediate questions are whether Binance France publishes an official notice clarifying the closure process and whether it confirms the reported sequence for fee deductions. The reports indicate a first deduction shortly after Nov. 29 and a further deduction after Dec. 24, but official confirmation would clarify the mechanics.
It will also be important to monitor whether Binance France issues further detail on balances held in assets other than USDC. Spendnode, Biggo and Bloomingbit reported that other crypto assets may be used when USDC is insufficient, while Spendnode also reported that a balance below the fee amount would be fully consumed up to the available amount.
Finally, the reported Dec. 31 account closure date leaves open procedural questions about how remaining balances, access records and any unresolved account matters will be handled. The reports establish the reported closure date and withdrawal-only status, but do not describe those additional steps.
