Binance Adds Nov. 29 Fees Before Dec. 31 Account Closures

Binance will begin charging holders of affected European accounts a monthly fee on Nov. 29, 2026, with accounts that still hold assets set to close on Dec. 31, 2026, CoinCentral reported. The exchange is shutting down accounts tied to its French entity after it failed to obtain authorization under the European Union’s Markets in Crypto-Assets (MiCA) framework.

Binance has blocked deposits on the affected accounts, though crypto and fiat withdrawals remain open. The company told CoinDesk, cited by CoinCentral, that it is “progressively restricting certain services for affected users” and described the shutdown as a managed process. Users in France, Spain, Italy and Poland have posted similar emails on X, including a Nov. 7 post from Coin Bureau stating that Binance France must close all customer accounts.

Key facts

• Binance’s management charge is 0.025% of the remaining balance per month, or 10 USDC, whichever is larger, starting Nov. 29.
• The first deduction comes within three days of Nov. 29; a second is due after Dec. 24.
• Fees are taken from USDC first, then other crypto if needed, and a balance below the amount owed is taken in full.
• France’s regulator lists Binance France’s registration as lapsed on July 2; the registration had been held since May 2022.
• About 2 million French customers were estimated to be affected by the July breakdown of spot, margin and futures trading.

How the charge applies

Because of the 10 USDC minimum, the flat charge hits balances under roughly $40,000. CoinCentral notes a small account could lose 20 USDC across the two scheduled deductions. Assets left after Dec. 31 are treated as inactive and may be converted or transferred, the report said; Coinpedia likewise reported that remaining holdings could be converted, transferred or otherwise handled under Binance’s Terms of Service.

One point of caution: CoinCentral reported that the fee email itself had not been confirmed. Binance’s terms allow a dormant account fee to cover the cost of maintaining digital assets, according to the same report.

Why MiCA drove the closures

MiCA became mandatory for crypto providers on June 30, 2026. It requires an exchange to win authorization in one member state to serve customers across the bloc. Binance withdrew its Greek license application in June and said it would seek approval elsewhere, without naming the country. According to CoinCentral, Binance does not appear in the European Securities and Markets Authority’s register of authorized crypto providers, and TRM Labs found only 281 of 1,343 crypto providers had secured authorization.

Coinpedia, reporting on the same shutdown, stressed that the Dec. 31 closure covers accounts held by the French legal entity and does not mean Binance is ending its global platform or closing every French user’s account. Portuguese newspaper Expresso reported that users in countries without a local Binance entity, such as Portugal, were not singled out, CoinCentral said; they remain under the wider EU restrictions.

The closures come alongside other pressures on Binance. Bitcoin.com News reported, per CoinCentral, that Binance disclosed a $6.3 billion hack on Oct. 29, and that users pulled a net 25,793 bitcoin worth $3.6 billion between Nov. 1 and Nov. 2 — the largest two-day net outflow in 12 months.

OKX courts stranded users

Rival OKX is positioning its European arm as an alternative. Blockonomi reported that OKX founder Star promoted OKX Europe on Nov. 7 as operating under MiCA, MiFID and Payment Institution frameworks, offering euro on- and off-ramps, spot trading, derivatives, tokenized stocks, staking, OKX Pay and a unified account that combines spot, margin and derivatives. OKX Europe Ltd is authorized by the Malta Financial Services Authority, according to Star. Blockonomi noted that authorization alone does not guarantee better trading conditions and that customers should compare fees, supported assets and withdrawal requirements before moving funds.

Why it matters

The deadline gives roughly three weeks for French users to empty accounts before charges begin. It also shows the practical cost of MiCA for exchanges that have not completed authorization: trading had already been cut in July, and the fee structure encourages users to leave rather than wait. Where the accounts sit within the EU is becoming a factor in which platforms customers can keep using.

What to watch

The first deductions around Nov. 29 and the second after Dec. 24 will show how many users moved assets. Binance has said it is pursuing authorization in another member state but has not named it; any listing in ESMA’s register would mark that step.

Disclaimer: This article is for information only and is not investment, financial or trading advice. Cryptocurrency prices are highly volatile. Always do your own research.

Sources: CoinCentral, Coinpedia, Blockonomi