Binance will suspend its services for customers in the European Union starting next week, after withdrawing its license application under the bloc’s crypto regulations.

The exchange sent an email to users in Poland, Italy, Spain, and France this week.

What did Binance tell EU customers?

According to Euro News, Binance sent an email to French customers. The message stated that its French unit would stop registering new users immediately and terminate all services related to crypto assets in the country from July 1, 2026.

The company confirmed that similar notices were also sent to users affected in other EU markets.

The notices explained that Binance will not have a Markets in Crypto-Assets (MiCA) license by June 30, 2026. The exchange assured that customers’ funds remain safe.

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The MiCA deadline is behind the decision

The MiCA regulation came into effect in June 2023. The full licensing regime was launched in December 2024, opening a window in which companies can obtain a national license.

This window closes on July 1, 2026, a strict implementation date across the entire European Economic Area. After that, operating without a MiCA license will be a violation of EU regulations.

EU CRYPTO DEADLINE LOOMS – You have only 2 weeks to move your funds! Only 14 exchanges are licensed to offer trading in Europe after July 1, 2026. MiCA regulation is ending the transitional period. Unlicensed platforms must stop serving EU clients. See what EU crypto users… pic.twitter.com/6YuzekS5kw

— BeInCrypto (@beincrypto) June 16, 2026

Binance had filed an application with the Hellenic Capital Market Commission in Greece, but received no formal decision. It withdrew the request this week. However, Binance said it will try to obtain a license through another EU member state.

“Europe is an important region for Binance and our ambition to operate under a clear, fair, and harmonized MiCA framework remains unchanged. We continue to support MiCA’s goal of creating a consistent crypto-asset regulation at the EU level, and we are confident that in the coming months we will obtain authorization in another Member State,” the exchange said.

Two people close to the process explained in detail to Reuters that Binance also approached regulators in Ireland and Latvia, but met with resistance. It will be up to the near future to reveal which member state Binance will target next.

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