Binance directs Dutch users to Coinmerce — a Binance broker
Binance has announced that customers in the Netherlands have until August 17 to withdraw from the exchange and that a new partnership with crypto exchange Coinmerce will make this a “one-click” process. This withdrawal comes after Binance failed to gain a license from the Netherlands ’ central bank. The Dutch Central Bank fined Binance €3.3 million last year for providing these services without registration. Coinmerce received its license from the bank in November 2020. Binance has advertised in emails to customers that Coinmerce will serve as its ready-made substitute, offering many of the same assets currently trading on the platform . The exchange also indicated to users that Coinmerce will soon be adding the missing listings, according to users on Reddit and screenshots of emails shared with Protos. Coinmerce has historically operated as a broker dependent on Binance ’s order books, but it claims it has now developed its own exchange and is working ...