In response to recent changes, Binance, the world’s leading cryptocurrency exchange in terms of trading volume, has announced its collaboration with several new authorized and regulated fiduciary partners. This move is part of a strategy to continuously provide European users with smooth euro payment facilities, including deposits and withdrawals.
Rétablir la confiance dans les transactions en euros
This initiative ensures that Binance users can use the Single Euro Payments Area (SEPA) payment network for their transactions. It offers various services, including, but not limited to, EUR spot trading pairs, as well as the purchase and sale of digital assets via SEPA, bank cards, or fiduciary balances. This change is a consequence of Paysafe’s discontinuation of euro services for Binance users the previous month. The abrupt cessation of Paysafe had left several European Binance users in a dilemma, especially those who failed to withdraw their euro funds before the stipulated deadline.
However, amidst this transition, Binance remains discreet, choosing not to disclose the identity of its new service providers in the email or associated blog post. This reluctance could be attributed to growing regulatory challenges and lawsuits faced by the exchange in multiple jurisdictions. The year has been tumultuous for Binance, with the departure of several high-level executives from the company and its affiliated entities. The most recent high-profile departure being Binance France’s Deputy General Manager, Stéphanie Cabossioras.