Binance to wind down French customer accounts by year-end
Binance told French customers it will close their accounts on December 31, 2026, after failing to secure MiCA approval.
Binance told French customers it will close their accounts on December 31, 2026, after failing to secure MiCA approval. USDC (USDC) is trading at ₹94.11 ($0.9997). This is an original Token Times brief based on reporting by Cointribune, with live market data added, as of Sat, 07 Nov 2026 14:45:01 UTC.
French users must withdraw their holdings before the closure, while Binance faces a regulatory barrier to maintaining EU operations under MiCA.
- Binance will close French customer accounts on December 31, 2026
- Accounts retaining crypto face a monthly 0.025% fee, minimum 10 USDC
- USDC remains near parity at $0.999715
- Crypto market sentiment remains at extreme fear
Binance informed customers by email that it will close accounts belonging to French clients on December 31, 2026, according to Cointribune. The exchange attributed the decision to its failure to obtain approval under Europe’s Markets in Crypto-Assets Regulation, commonly known as MiCA.
French customers are required to arrange the withdrawal of their funds. Cointribune also reports that accounts still containing cryptocurrencies will incur a monthly fee of 0.025%, with a minimum charge of 10 
USDC, beginning November 29. The report did not provide further detail about which accounts or balances would be affected beyond the stated holding requirement.
The shutdown represents a regulatory setback for Binance in a major European market. The supplied coverage is limited to Cointribune, and no second outlet independently corroborates the closure date, MiCA approval issue, fee structure or withdrawal requirement. Its emphasis is on the practical consequences for French customers rather than any broader change to Binance’s operations across Europe.
Market conditions remain subdued. The total crypto market capitalization is $2.61 trillion and the broader market is flat, while 
Bitcoin is up 0.28% over 24 hours. The Fear & Greed Index stands at 25, classified as Extreme Fear. USDC trades at $0.999715, up 0.02% over 24 hours and down 0.02% over seven days, with a reported market capitalization of $70.51 billion. DeFiLlama separately places USDC’s circulating supply at $70.69 billion. The immediate operational issue for affected users is the approaching fee date and December 31 account closure.
Since this brief published about 1 hour ago, USDC (USDC) has moved from ₹94.11$0.9997 to ₹94.11$0.9997 — -0.00%.
The chart plots USDC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDC ≈ ₹103.96 (about $0.9997), up 0.0% over 24 hours. The rupee itself trades about 10.5% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 7, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance to wind down French customer accounts by year-end — questions & answers
When will Binance close French customer accounts?
Binance told customers that French accounts will close on December 31, 2026.
Why is Binance closing accounts in France?
Cointribune reports that the exchange failed to obtain European MiCA approval.
What fees apply to accounts that retain crypto?
Accounts still holding cryptocurrencies face a monthly fee of 0.025%, subject to a minimum of 10 USDC, starting November 29.
How much is 1 USDC worth in rupee today?
About ₹103.96 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9997. The rupee price moves with both USDC's US-dollar price and the USDT/INR rate; use our USDC in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cointribune. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.