Binance France to close all customer accounts by year end, with fees on idle balances from November 29

After failing to secure a MiCA license, the exchange's French arm is charging monthly fees on leftover assets ahead of a December 31 shutdown Binance France is shutting its doors to French customers. All accounts will be closed on December 31, 2026, and any assets still sitting on the platform will start incurring monthly fees from November 29. The exit follows Binance France’s failure to obtain authorization under the European Union’s Markets in Crypto-Assets framework, better known as MiCA. For users, the practical message is short: get your assets out, and do it soon. What users need to know Customers were notified by email in early November 2026. The timeline is tight. As of November 29, deposits are blocked. Trading has already ended for French residents, and the only feature left is withdrawals. Accounts that still hold a balance after that date will pay a monthly maintenance fee. The charge is 0.025% of the account balance, with a minimum of 10 USDC. USDC is a stablecoin, a token designed to track the US dollar one-for-one. The fee will be taken in USDC or in whatever other asset the account happens to hold, depending on what remains after the cutoff. A quick bit of arithmet...