15.07.2023
Binance transfers assets of its Dutch clients as it leaves the country
15.07.2023
Glory Faleke
Contributor

​Binance has announced that it will transfer the assets of its clients residing in the Netherlands. The news comes a month after the largest cryptocurrency exchange confirmed rumors that it would cease operations in the country. 

Starting July 14, all users from the Netherlands will be able to accept the transfer of their assets to Coinmerce.

 According to FNG, all clients who accept the transfer by July 16, 2023, 23:59 (UTC) will receive their funds on Coinmerce on July 19. Users who accept the transfer of their assets after July 16, 2023, 23:59 (UTC) will receive their funds on Coinmerce on a weekly basis.

 To transfer your assets to Coinmerce, you need to follow four simple steps:

 Step 1: Login to your Binance account.

 Step 2: Click on [Read More] in the pop-up window.

 Step 3: Fill out the form by clicking on the checkboxes.

 Step 4: Click the [Accept asset transfer] button.

 Coinmerce is a Dutch crypto exchange that emphasizes personal contact between company representatives and clients.

 Previously, the Binance exchange announced that it was leaving the Dutch market. The reason was that the biggest cryptocurrency company has not been able to receive a license to operate in the country.

 Recall that earlier, Binance changed its General Counsel.