Fxrate announces it will exit the Dutch market

On July 15, Fxrate announced that it would withdraw from the Dutch market.

Effective immediately, new users residing in the Netherlands will no longer be accepted.

Starting July 15, existing Dutch resident users will only be able to withdraw assets from the Binance platform.

Fxrate said it will continue to work on obtaining authorization to provide products and services to users in the Netherlands.

Previously, the cryptocurrency exchange tried unsuccessfully to obtain a virtual asset service provider (VASP) license from the Dutch regulator.