Binance to exit EU markets after MiCA deadline, users urged to move crypto to cold wallets

On 1 July 2026 Binance will suspend its services in France and throughout the European Union after failing to secure approval under the Markets in Crypto‑Assets (MiCA) regulation. The halt will affect roughly two million French users, who must withdraw their assets from the exchange.

Industry commentary and promotional material advise affected customers to transfer crypto to non‑custodial hardware wallets, highlighting Ledger’s devices as a secure alternative that keeps private keys offline.

Separate reports note that, contrary to circulating rumors, there is no verified evidence of a blanket closure of Binance accounts. The platform remains operational, applying standard account restrictions only in cases of suspected fraud or regulatory non‑compliance.