Crypto exchange scores Netherlands registration where Binance failed

The Singapore-headquartered exchange said it received registration approval in compliance with the Netherlands’ Money Laundering and Terrorist Financing Act


berCheck/AlexLMX/Shutterstock, modified by Blockworks

share has obtained regulatory approval from the Netherlands’ central bank to operate as a crypto service provider in the country, the exchange said, Friday.

It completed the registration process following an assessment of its operations and adherence to the Netherlands’ Money Laundering and Terrorist Finance Act, it said.

 “This registration approval from De Nederlandsche Bank is a significant milestone for our business and the latest testament to our commitment to compliance,” Kris Marszalek,’s CEO, said in a statement.

As of now, the Dutch central bank has granted approval to 36 crypto exchanges, which include Coinbase Europe, eToro, OKCoin, BitPay and Bitstamp.

The move is notable as competing crypto exchange Binance has failed to secure the required license in the Netherlands.

Last month, Binance customers based in the Netherlands were notified via email that crypto deposits would be disabled from July 17. They were also cautioned against sending cryptocurrencies to previously saved addresses and were informed that NFT trade and NFT staking would be blocked.

Despite making efforts to comply with regulations and serve Dutch clients, the crypto exchange could not obtain registration, a Binance spokesperson told Blockworks.

Binance faced similar registration challenges in Germany and Cyprus, leading to its exit from those markets. The exchange says it’s working on achieving compliance with the European Union’s new digital asset regulation, MiCA (Markets in Crypto-Assets Regulation), in the next 18 months. didn’t return Blockworks’ request for comment on the measures it took to obtain approval. has separately obtained regulatory approvals in various countries, including Cyprus, Singapore, France, the UK, Dubai, South Korea, Australia, Spain, Italy, Greece and the Cayman Islands.
The exchange announced the discontinuation of its institutional exchange service for US customers in June, attributing the decision to decreasing demand.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Top Icon.png


Osmosis thrived in H2 2023 on the back of increased DeFi activity deriving from recently launched Cosmos-related projects and better market conditions. With new value accrual mechanisms for the native token, Osmosis is well-positioned to continue its strong performance in 2024.



Equities were mixed toward the end of Monday’s session while cryptocurrencies continued their rally


Though the opposing flow trend is likely to slow over time, industry watchers note, bitcoin fund assets could one day eclipse the $90 billion gold ETF space


Celestia had the first mover advantage. EigenDA has staked ether. What sets Avail apart?


Bitcoin moved 1% higher Monday morning in New York, Matrixport analysts say $62,000 could happen next month


It’s hard to believe right now that crypto — even with all of its flexibility and massive capabilities — could ever be like cash on the internet


Michael Saylor announced Monday morning that MicroStrategy bought 3k more bitcoin after the X account was compromised over the weekend