Binance is enacting significant changes to its operations in the United Arab Emirates (UAE). Beginning April 25, 2025, all UAE-based accounts will be moved to Binance FZE, a platform regulated by Dubai’s Virtual Assets Regulatory Authority. As part of this transition, several privacy coins and fiat currencies will no longer be supported on Binance FZE. Users will lose access to Monero (XMR), Dash (DASH), Zcash (ZEC), and Decred (DCR). Additionally, prominent fiat currencies like the Euro (EUR), British Pound (GBP), Japanese Yen (JPY), and Turkish Lira (TRY) will be affected. These currencies can no longer be traded or held after the account migration to FZE.
Binance has also announced the cessation of several services: Spot trading, Convert, Trading Bots, and Copy Trading will end their functions beginning April 25th. All platform orders using restricted assets will receive cancellation until June 8. This transition allows users access to affected tokens until final transfer completion. Users can continue accessing privacy token withdrawals at Binance FZE until June 8. Withdrawal of unsupported fiat currencies will cease immediately after account migration to FZE, with any remaining balances converted automatically into USDT.
Binance FZE also phases out derivatives and financial products associated with the delisted tokens after June 8. The ability to open new positions in Monero, Zcash, and Dash futures will be halted on this date. Open futures contracts will face a slow closure process for the final phase of FZE asset delisting.
Binance advises all users to complete margin position terminations and transfer assets into Spot wallets before June 8th. The platform’s Simple Earn services will no longer accept subscriptions for restricted assets starting on that date. During this process, users’ Spot accounts will receive active subscriptions, accumulated rewards, and will be unable to use affected tokens in Flexible or VIP crypto loans past the specified deadlines.
Users who utilize these assets must repay their loans to avoid automatic execution and asset liquidation. Binance cites compliance efforts with Dubai’s Virtual Assets Regulatory Authority as a reason for these changes. The platform’s restructuring underscores growing global pressure on privacy-focused trading activities.