Reporting · markets
Binance to close accounts in France, Spain, Italy and Poland by year end
Binance will shut user accounts in four EU countries on 31 December 2026, with deposits now blocked and idle balances facing monthly fees.
Quick take
- Binance is closing customer accounts in France, Spain, Italy and Poland by year end.
- Deposits are blocked, idle balances face a fee from 29 November, and the closures take effect 31 December 2026.
- The exchange lacks a MiCA license, a gap that matters to European users of its platform.
Bitcoin Magazine reported that Binance is closing customer accounts in France, Spain, Italy and Poland, with the closures set to take effect on 31 December 2026. The exchange lacks a MiCA license now that the transition period has ended, and it withdrew its Greek license application in June.
A Binance spokesperson confirmed the closure date to CoinDesk. Deposits are blocked, while withdrawals remain allowed. Idle balances will be charged from 29 November at 0.025% monthly or 10 USDC, whichever is higher, according to customer emails rather than an official notice. Customers holding idle balances in those countries face the charge ahead of the year-end closures.
Germany and other EU accounts have not been reported as closed. Customers in the affected countries can still move funds out before the closures take effect. Separately, hackers stole about $6.3 billion on Oct. 29, and Kaiser Ng is leaving the role of finance chief.
Sources
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