Binance to cease serving clients in four EU countries by end of 2026

Official notice of service termination

Users of the Binance exchange are receiving official letters recommending they withdraw their crypto assets. The company informs that accounts of citizens of France, Spain, Italy and Poland will be closed on 31 December 2026. This change applies exclusively to residents of these four states, while in other European Union countries the exchange continues its operations without changes.

Financial implications for cash balances

If clients do not withdraw funds by 29 November, a monthly storage fee will begin to be charged on their balances. The rate is 0.025% of the account balance, but the minimum payment amount is fixed at 10 USDC.

This mechanism may significantly impact small deposits. For example, for an account holder with a balance of 500 USDC, the minimum fee of 10 USDC is equivalent to 2% of the total funds per month. This means that small balances may quickly diminish due to regular deductions.

Reasons for regulatory changes

In the letter, the exchange explains its decision by changes in the regulatory environment that make it impossible to continue providing services to clients from the specified countries. This likely refers to the complexity of obtaining or maintaining licences under the new MiCA (EU regulation on crypto-asset markets) rules, which fully entered into force in 2025–2026.

Binance has previously faced strict requirements from European regulators, particularly in France and the Netherlands. Currently, the company has not publicly commented on the details of this step in official channels, although letters are already being sent to users en masse. For many clients in these countries, the situation means the need to urgently seek alternative platforms for storing and trading cryptocurrency.