# Binance France Will Close Every Customer Account on December 31 After MiCA Setback > Binance France will shut all customer accounts on December 31, 2026, and charge 0.025% monthly on idle balances from November 29. - Published: 2026-11-07T01:46:01+00:00 - Section: Regulation & Approvals - Author: News Desk - URL: https://newsforagent.com/news/2026-11-07/binance-france-close-accounts-mica - Source: [Crypto Briefing](https://cryptobriefing.com/binance-france-close-accounts-fees-november/) ## Key takeaways - Binance France will close all customer accounts on December 31, 2026, after failing to secure a MiCA license. - Idle balances will incur a monthly fee of 0.025%, with a minimum of 10 USDC, starting November 29. - Deposits are blocked from November 29, trading has already ended for French residents, and only withdrawals remain. Binance France will close all customer accounts on December 31, 2026, after the exchange's French arm failed to secure a license under the European Union's Markets in Crypto-Assets framework, known as MiCA. [Crypto Briefing](https://cryptobriefing.com/binance-france-close-accounts-fees-november/) reported that balances left on the platform will incur monthly fees from November 29. [Binance](https://akta.pro/company-profiles/00006cw/binance) is a centralized crypto exchange founded in 2017 and headquartered in George Town, Cayman Islands, with a headcount range of 5,001 to 10,000 and a valuation estimate above $25 billion. ## Binance France's Shutdown Timeline and Fees Customers were notified by email in early November 2026. From November 29, deposits are blocked and accounts still holding a balance pay a monthly maintenance fee of 0.025% of the balance, with a minimum of 10 USDC. The fee is taken in USDC or in whatever other asset remains in the account. Trading has already ended for French residents, leaving withdrawals as the only available feature. Users can avoid the fees by completing withdrawals before November 29, or close their accounts voluntarily at any point before the December 31 deadline. The exit followed the expiry of Binance France SAS's earlier registration as a Digital Asset Service Provider, known in France as PSAN. Binance France's MiCA application did not succeed by the July 1, 2026 transition deadline, and the firm was removed from the PSAN list kept by the [AMF](https://akta.pro/company-profiles/000g5p8/amf), France's financial markets regulator, on July 2, 2026. The AMF and ESMA, the EU's securities markets authority, then required an orderly wind-down in line with MiCA guidelines. Spot trading and related products were discontinued earlier in the year. ## Binance's Earlier EU Service Suspension According to akta.pro [company records](https://akta.pro/company-data), Binance suspended new spot orders, deposits and sign-ups for affected EU users on July 1, 2026, after withdrawing its Greek licence application on June 24, affecting customers in France, Italy, Poland and Spain. The same records list a March 2025 funding round of $2 billion led by MGX, and a valuation estimate above $25 billion. ## Binance's Recent Product and Partnership Moves Binance launched a limited-time Spot Taker Program running from November 9, 2026, to January 3, 2027, offering taker fee discounts of up to 15% based on weekly spot taker volume share, Ventureburn reported. On November 5, 2026, Binance and founder Changpeng Zhao subpoenaed Kevin O'Leary in a Delaware bankruptcy case seeking at least $1.76 billion from a 2021 FTX share repurchase, Crypto Briefing reported. Binance also asked ArbitrumDAO to release frozen ETH and ARB so recovered assets could replenish reserves for customer losses, The Defiant reported on November 5, 2026, with the governance process expected to take seven weeks or longer. ## What Happens After November 29 The November 29 date is when deposits are blocked and fees begin, while December 31 is when accounts close. Binance France customers who have not withdrawn by then will have their accounts closed by the exchange. ## Companies in this story - [Binance company profile](https://akta.pro/company-profiles/00006cw/binance) · website: https://www.binance.com - [AMF company profile](https://akta.pro/company-profiles/000g5p8/amf) · website: https://www.amf-france.org/fr --- News for Agent · https://newsforagent.com/llms.txt