Celsius

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<p class="is-style-lead">Due to regulatory concerns, Binance is leaving The Netherlands. As an alternative option for trading needs, Binance has recommended that its customers in the country use Coinmerce.</p> 
<h2 class="wp-block-heading" id="binance-issues-coinmerce-notice">Binance issues Coinmerce notice</h2> 
<p>Binance customers in The Netherlands reported on July 6 that they had been&nbsp;<a href="https://www.reddit.com/r/CryptoCurrency/comments/14s43f0/binance_recommending_coinmerce_in_the_netherlands/" target="_blank" rel="noopener">advised</a>&nbsp;by the platform to use Coinmerce for their crypto trading needs.</p> 
<p>Coinmerce is a crypto exchange, one of the few platforms that Dutch authorities have registered.</p> 
<p>“Over the coming days, you will receive more information on how to transfer your funds to Coinmerce. We will facilitate a way for you to transfer your cryptocurrencies with the least hassle and the lowest cost.”</p> 
<p>Binance reportedly told customers they were not obliged to use Coinmerce as they could withdraw their assets to any platform.</p> 
<p> You might also like: <a href="https://crypto.news/binance-under-fire-as-co-founder-yi-he-defends-company/"> Binance under fire as co-founder Yi He defends company </a> </p> 
<h2 class="wp-block-heading" id="exiting-netherlands">Exiting Netherlands</h2> 
<p>The&nbsp;<a href="https://crypto.news/binance-ceo-changpeng-zhao-predicts-bitcoin-bull-run/">Changpeng Zhao</a>-led platform explained its choice of Coinmerce as a local partner in the country, highlighting that both platforms have identical listings. Binance also stated that Coinmerce has suitable fiat on-ramps and off-ramps for customers to deposit or withdraw their funds. </p> 
<p>Coinmerce’s status as a registered platform was also identified as a net positive by Binance in its statement to customers.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="SEC sues Binance and CEO Changpeng Zhao over U.S. rule violations" width="1020" height="574" src="https://www.youtube.com/embed/_VaB7DyVXLU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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<p>The recommendation to use Coinmerce comes as Binance is exiting Netherlands. Binance previously blamed regulatory issues for the decision to leave The Netherlands.&nbsp;</p> 
<p>The move is among a raft of exits by the crypto exchange giant as it navigates numerous regulatory&nbsp;<a href="https://crypto.news/australian-authorities-invade-binance-offices-amid-probe/">challenges</a>&nbsp;in different jurisdictions.</p> 
<p> Read more: <a href="https://crypto.news/cftc-accuses-celsius-of-misleading-investors-may-file-a-lawsuit/"> CFTC accuses Celsius of misleading investors, may file a lawsuit </a> </p>

Binance advises Dutch customers to use licensed local trading partner, Coinmerce

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