Binance to suspend EU crypto services from July 1

Binance will halt crypto asset services in European Union markets from July 1 after failing to obtain authorization under the EU’s Markets in Crypto-Assets (MiCA) framework before the June 30 cutoff. The exchange notified affected users and said customer holdings will remain accessible and in custody.

The company emailed customers in several EU countries, sending the first notices to users in France before contacting clients elsewhere. French messages informed recipients that “Binance France is no longer in a position to accept new clients and from July 1, 2026, will no longer [provide] crypto asset services in France.” The emails outlined how account access and trading features will change once the MiCA transition period ends.

Binance withdrew its MiCA application in Greece after assessing the local approval timeline and concluding a formal decision would not arrive before the regulatory deadline. The exchange said it had engaged constructively with Greek authorities and plans to seek authorization through another EU member state while continuing its compliance work in the region.

The suspension affects the provision of regulated crypto asset services, not custody of funds. Customers were reassured that “Your assets remain safe and secure, and will remain accessible at all times.” Binance did not provide a specific timetable for resuming services in the affected countries.

MiCA entered into force in 2024 and created a single EU framework for crypto trading, including rules on investor protection and anti-money laundering. Under the rules, crypto firms needed national authorization by June 30, 2026, to continue offering regulated services in EU markets; firms without authorization may face suspensions.

Binance said it will pursue authorization through another EU regulator and that it has sent similar communications to users in other member states. Affected customers will receive instructions from the exchange on how to access accounts and manage holdings after July 1, while the timing for restoring regulated services will depend on future approvals.