Binance says some European customer accounts will close on December 31 as the exchange narrows services following the end of the European Union's MiCA transition period. A Binance spokesperson confirmed the year-end date to CoinDesk and said the process is being managed gradually rather than through a sudden freeze. Customer notices reported by several outlets also describe charges on crypto left in affected accounts from November 29.

What affected customers were told

According to CoinDesk, deposits are blocked for the affected accounts while crypto and fiat withdrawals remain available. The notices say Binance will charge 0.025% of the remaining crypto balance each month or 10 USDC, whichever is higher. The first deduction is expected within three days of November 29 and another after December 24. If an account holds less than the minimum fee, the notices say the remaining balance may be taken.

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The fee schedule is not a universal EU notice

The detailed schedule was delivered through customer emails rather than a standalone public announcement that applies to every European user. CoinDesk reported similar notices from users in France, Spain, Italy and Poland, but Binance has not published a complete list of affected countries, account types or customers. Anyone receiving a notice therefore needs to rely on the terms shown inside the official app or account email, rather than assume that another user's deadline is identical.

MiCA ended the previous national route

Binance's official June update said it had withdrawn its Greek MiCA application and would seek authorization in another EU member state. It warned that some users could be affected depending on country and account status. France's Autorité des marchés financiers later recorded Binance France's national registration as automatically lapsed on July 2 because the MiCA transition period had ended without a new authorization under the EU framework.

France provides the clearest regulatory record

The AMF had told providers without MiCA authorization to prepare an orderly cessation that protected customers and allowed them to recover or transfer assets. That regulatory record supports the reason for the wind-down, but it does not establish the November fee schedule by itself. The charges, collection dates and treatment of small balances come from the customer notices and Binance's confirmation reported by CoinDesk, not from an AMF order setting those terms.

Withdrawals remain open

Binance told CoinDesk that assets remain safe and accessible and that there is no sudden freeze. That is the exchange's assurance, not an independent audit of every account. Affected customers can still withdraw, while deposits have been blocked. Binance's June notice directs users to check official email and in-app communications and contact support for account-specific instructions. The exchange also warns that it will not ask for passwords, two-factor codes or private keys.

A future license would be a separate development

Binance says it remains committed to Europe and is pursuing authorization in another member state, but it has not publicly identified that jurisdiction or announced an approval. Even if a license is later granted, it would not automatically cancel the deadlines already sent to affected customers. The next evidence to watch is either a regulator-confirmed MiCA authorization or revised account notices changing the withdrawal, fee or closure timetable. Until then, the licensing plan remains a stated intention rather than permission to resume ordinary services across the bloc.

Sources

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