Crypto exchange Binance has made new fiat partnerships enabling European users to deposit and withdraw euros from the exchange.
Euro payments, deposits, and withdrawals are back on for European Binance users months after the severance of services by PaySafe.Crypto exchange Binance has announced it has onboarded new partners to handle euro deposits and withdrawals, months after losing its previous fiat partner PaySafe in September.The move follows regulatory and debanking woes in the European Union, where the firm was forced to look for new banking partners after it lost the support of PaySafe in September.
Binance said that users have already started being migrated to the new services provided by “a number of new regulated and authorized fiat partners.” It did not specify which firms it had partnered with, however.We’re proud to announce that we’ve entered into agreements with multiple new EUR partners to provide deposit, withdrawal, and payment services, making your experience even more seamless.
Users can also buy and sell crypto using SEPA , bank cards, and their fiat balances, and trade EUR spot pairs.to its exchange for new users based in the UK. The move followed the termination of a partnership with a third party to approve communications on its platform under new local rules by the country’s watchdog, the Financial Conduct Authority .
Binance has yet to source fiat partnerships for its UK exchange where British users are still unable to deposit GBP.
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