Binance is forcing account closures in four EU nations by year-end, implementing a 0.025% monthly inactivity fee starting November 29 as the exchange works to secure a MiCA-compliant license.
Binance is closing accounts for users in France, Spain, Italy and Poland by 31 December 2026 and charging 0.025% monthly (or 10 USDC minimum) from Nov. 29. Users can still withdraw, so most assets would move to other venues rather than leave crypto, limiting any market-wide price effect. The change is exchange-specific, not a broad EU crypto rule shift.
The article says deposits are blocked but customers can still withdraw their crypto and fiat, and assets remain safe and accessible, so holdings can be moved elsewhere rather than sold.
Binance will treat accounts with crypto remaining after Dec. 31 as inactive, which may result in the assets being converted or transferred.
Binance is mandating that users in France, Spain, Italy, and Poland withdraw their assets as the exchange phases out services for non-compliant accounts. Starting November 29, the platform will impose a 0.025% monthly inactivity fee on remaining balances, with full account closures scheduled for December 31, 2026. The move follows the expiration of national registration regimes under the EU's MiCA framework.
The impact is expected to be minimal as users are permitted to withdraw their crypto and fiat holdings to other venues, rather than being forced to sell their assets on the open market.
Accounts with remaining balances after the December 31 deadline will be treated as inactive, which may result in the conversion or transfer of the underlying assets.