Cryptocurrency exchange Binance has warned customers in several European countries to withdraw their remaining assets before December 31, 2026, as the company prepares to close affected accounts.

The exchange has stopped accepting new deposits into these accounts, although customers can still withdraw their existing cryptocurrency and fiat balances.

According to notices received by affected users, Binance will begin imposing monthly charges on November 29. The fee will be calculated at 0.025 percent of the remaining cryptocurrency balance or 10 USDC, whichever amount is higher.

Customers in France, Spain, Italy and Poland have reportedly received similar notifications.

The account closures are linked to Binance’s efforts to adjust its European operations to the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework.

The regulations require cryptocurrency service providers to obtain the necessary authorisation to operate across the European market.

Binance has said the measures form part of a gradual transition and that affected customers can continue accessing their funds during the withdrawal period.

The exchange has also maintained that it remains committed to securing regulatory approval in Europe.

Customers who fail to withdraw their assets before the deadline could face additional complications involving their remaining balances after the accounts are closed.