Does Binance report to HMRC? Yes, and the UK back story

Yes, Binance reports to HMRC. Since 1 January 2026 the Cryptoasset Reporting Framework obliges cryptoasset platforms to collect verified identity and transaction data and report it annually, and information about UK tax residents reaches HMRC whether a platform files under the UK regulations directly or through the framework’s international exchange leg. Binance’s history with UK regulators is more turbulent than any other major exchange’s, which is exactly why the tax answer deserves to be stated plainly: none of that turbulence keeps your data out of HMRC’s hands.

The FCA history, told straight

Binance is the exchange UK regulators have publicly wrestled with. On 25 June 2021 the FCA warned consumers that Binance Markets Limited “is not permitted to undertake any regulated activity in the UK” and that no other entity in the Binance Group held any form of UK authorisation, while the group carried on serving UK customers through Binance.com. Two years later the entity’s UK authorisation was cancelled entirely, at the firm’s own request, completed 30 May 2023 per the FCA’s update to that page.

Then the UK financial promotions regime for cryptoassets arrived on 8 October 2023, the FCA restricted the partner firm Binance had chosen to approve its promotions, and Binance stopped accepting new UK users from 16 October 2023, with existing customers keeping access. Those are the verified milestones as the FCA and contemporary reporting state them, each checked on 25 September 2026.

Here is the part people get wrong. The FCA perimeter governs regulated financial services. Tax reporting runs on different rails entirely, and those rails got built while the regulatory story was making headlines. A platform’s standing with the FCA, good, bad or absent, changes nothing about CARF.

What Binance reports from 2026

The 2025 regulations and HMRC’s collection guidance define the file every reporting platform builds:

For an exchange serving UK residents from offshore, the framework’s answer is exchange of information: CARF jurisdictions pass reports about each other’s tax residents along, and HMRC receives the international leg from 2027. The timetable, the per-user penalty regime and the list of participating jurisdictions live in our exchange reporting hub, which we keep current. If Binance has re-verified your identity documents or asked for your National Insurance number recently, you have watched this framework operate.

What the file cannot tell HMRC, or you

Binance’s report describes Binance. It does not know the cost of coins you deposited from elsewhere, it cannot see the section 104 pool your disposals draw on, and it will not notice when a rebuy inside 30 days rewrites a loss. UK tax is one computation across everything you hold everywhere, under pooling and matching rules no single platform can run from its own records. Declaring from an exchange’s on-screen gain figure is how people overpay as often as underpay. HMRC’s file is evidence about you, not arithmetic for you.

Getting your history out of Binance

Checked directly on 25 September 2026: log in, open the wallet menu, choose Transaction History, then Export Transaction Records, and select the date range, account type and assets. Two quirks matter for tax. Binance limits statement generation to 15 exports per month, and each download link survives only 7 days, so a multi-year history means planning your ranges and downloading promptly rather than leaving files to expire. Export every year you traded, not just the recent ones, because old acquisitions shape today’s pooled cost.

Then compute the UK answer. gains.tax reads Binance exports alongside any other exchange’s files, and offers read-only Binance sync for pulling history without handling CSVs at all. Everything runs in your browser, every disposal names the HMRC rule that decided it, and nothing about your holdings is uploaded to us or anyone. Free under 1,000 transactions.

If the computed position and your past returns disagree, the disclosure route is cheaper before HMRC’s letter than after, and the gap between holders and filers is precisely what HMRC’s first crypto statistics measure. First reportable year 2025 to 2026? Registration closes 5 October.

General information, not tax advice. Complex history or serious sums deserve a professional, and the directory lists independent ones.