Crypto Exchange Shutting Down: What to Do Before the Deadline Passes

Four providers have closed or sharply cut back their European business within seven weeks. The question worth asking is a practical one: what happens to the coins still sitting in your account when a crypto exchange shuts down?

It is almost always asked too late. A withdrawal from the market runs in stages, and the deadline that takes away the most room to act is usually the first one to expire.

This guide sets out the sequence all four cases share, and answers the point most people only notice afterwards: what a forced sale means for tax. If you are already thinking about where your holdings should sit in future, it is worth looking first at regulated crypto exchanges with EU authorisation.

Four crypto exchange exits in seven weeks: what the cases have in common

In order: at the end of June 2026, cryptoticker reported that Binance was restructuring its EU business as of July 1. The end of July brought BitMart's announcement that it would cease operations. In early August, Luno said it would close accounts in several EU regions, and Revolut announced it would remove the stablecoin USDT from its European offering by the end of August.

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