Binance France emails announce closure of its users’ accounts on Dec. 31

Binance France is closing up shop in the country. Customers have been notified by email during early November, according to media reports.

All accounts will be closed on Dec. 31, and any assets left on the exchange will be charged monthly fees starting on Nov. 29, Cryptoast, Crypto Briefing and other media reported on Saturday, citing emails sent to users by Binance.

On that date, accounts still maintaining a balance will pay a monthly maintenance fee of 0.025% of the balance, or a minimum of 10 USDC, a stablecoin tracking the US dollar.

To avoid fees, withdrawals must be completed by Nov. 29, the exchange said.