Binance will close affected European Union customer accounts on Dec. 31, 2026, with remaining balances subject to monthly charges from Nov. 29. The fee is 0.025% of the account balance or 10 USDC, whichever is higher; accounts holding less than $40,000 will pay a fixed 10 USDC monthly charge, while accounts with less than the required fee may have their entire balance collected. Deposits have been disabled, but customers can still withdraw assets. The action follows earlier restrictions affecting customers in France, Spain, Italy and Poland after Binance did not secure the required authorization during the Markets in Crypto-Assets transition period. Binance France’s national registration expired on July 2, and the company had previously restricted spot and margin trading. Binance said it is still applying for a MiCA license in another EU country. Customers were notified by email in early November, and assets remaining after closure may be converted, transferred or handled under Binance’s inactive-account terms.