Binance Closes Accounts in Four European Union Countries

Binance has announced the closure of customer accounts in France, Spain, Italy, and Poland effective December 31, 2026. This measure follows the expiration of the transition period established by the European Union's Markets in Crypto-Assets regulation. The exchange has yet to secure the necessary license to operate under the bloc's new regulatory framework.

Deposits on the platform have already been blocked for affected users in these countries. The company stated that client assets remain safe and accessible for withdrawal. The firm describes the closure process as a gradual and managed transition.

Starting November 29, Binance will begin charging a monthly fee on remaining account balances. The fee will be 0.025% of the crypto balance or 10 USDC, whichever is higher. Accounts with balances lower than the fee amount may have their entire remaining funds deducted.

The first charge will occur within three days of the fee's effective date. A second charge is scheduled to take place after December 24. Users who fully withdraw their funds before November 29 will be exempt from any costs.