Cryptocurrency exchange Binance said on Friday it was leaving the Dutch market after it was unable to register as a virtual asset service provider with the regulator.

Starting July 17, existing Dutch users will only be able to withdraw assets from the Binance platform, the company said. No further purchases, trades or deposits will be possible.

Binance’s Cyprus unit applied on Wednesday to be removed from Cyprus’ register of crypto-asset service providers.

The Dutch regulator did not immediately respond to Reuters’ request for comment.

Last week, the US Securities and Exchange Commission (SEC) sued Binance, its founder Changpeng Zhao, and the operator of its allegedly independent US exchange. Binance said it plans to “vigorously” defend itself against the SEC’s allegations.