Binance schedules EU account fees ahead of four country closures

Blockonomi reports that Binance will close affected accounts in France, Spain, Italy and Poland on December 31, 2026. The company plans to begin charging those accounts a monthly fee of 0.025% of their holdings or 10 USDC, whichever is greater, on November 29. The fee structure has a meaningful floor for smaller balances. According to Blockonomi, accounts holding less than approximately 40,000 USDC would pay the flat 10 USDC minimum, rather than a percentage-based charge that would otherwise be lower. The supplied summary does not set out the full criteria determining which accounts are affected beyond the four countries named.

This is a single-source report, with no additional outlet available to corroborate the closure schedule, fee amount or affected-account criteria. Blockonomi characterizes the arrangement as potentially burdensome for smaller accounts because the flat minimum can consume a significant portion of a low balance before closure.

The timing creates a short window between the start of monthly fees and the scheduled December 31 closures. Account holders covered by the announcement would therefore need to consider the cost of maintaining the account during that period, as well as the closure deadline itself.

USDC is trading at $0.999466, down 0.01% over both 24 hours and seven days, with a market capitalization of $70.2 billion. DeFiLlama reports a circulating supply of $70.45 billion, confirming that the fee is denominated in one of crypto’s largest stablecoins. The broader crypto market is valued at $2.57 trillion and is broadly lower, while Bitcoin is down 1.41% over 24 hours and the Fear & Greed index stands at 29, indicating a Fear reading.