Binance Finds New Fiat Partners to Restore Euro Services

Following losing its previous fiat partner, PaySafe, in September, Binance announced on October 19, 2023 that it has found multiple new partners to restore euro deposit, withdrawal, and payment services.

This comes after Binance.US, the U.S. subsidiary of Binance, having suspended direct US dollar withdrawals from the platform. Besides, in the U.K., Binance has halted new user registrations​ as of 5 p.m. local time on October 16 to align itself with the country's "stringent financial promotions rules" that took effect on the 8th of this month.

With new EUR partners found, the cryptocurrency exchange notes that euro deposits and withdrawals via Open Banking and SEPA/SEPA Instant are now available. Also, clients can buy and sell cryptocurrencies using the Single Euro Payments Area (SEPA), bank cards and fiat balances, and trade euro spot pairs.

Whereas, the exchange did not specify the new EUR partners.

Currently, Binance has yet to find fiat partners for the British pound in the U.K., where the local users are unable to deposit pounds.