Binance to Close Some European Crypto Accounts by End of 2026

Cryptocurrency exchange Binance has begun notifying some customers in European countries that their accounts will be closed on December 31, 2026, as part of its adjustment to the European Union's Markets in Crypto-Assets (MiCA) regulations. Customers in France, Spain, Italy, and Poland have reported receiving similar notices, according to emails shared with media.

Affected users have been instructed to withdraw their cryptocurrency and fiat balances before the closure date. While new deposits are blocked for these accounts, Binance says that withdrawals of existing assets remain available and that there is no sudden freeze. The exchange emphasized that customers' assets remain accessible throughout the process.

Starting November 29, Binance will charge a monthly fee on the remaining balances in these accounts. The fee will be 0.025 percent of the cryptocurrency balance or 10 USDC, whichever is higher. This measure is likely intended to encourage customers to withdraw their funds promptly.

Binance explained that the restrictions are part of a gradual process following the end of the transition period under MiCA. The framework requires crypto platforms to obtain regulatory authorization in an EU member state to operate across the bloc. Binance stated that it remains committed to securing European regulatory approval.

Customers who leave assets in affected accounts after the closure deadline may face further actions, including the conversion or transfer of their remaining assets. Binance advises users to monitor their accounts and withdraw funds before the deadline to avoid any complications.