Binance, the world’s largest cryptocurrency exchange, said Thursday it has signed agreements with new fiat partners for Euro payments, deposits and withdrawals.
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Fast Facts
- “We have signed agreements with a number of new regulated and authorized fiat partners to provide a variety of fiat services,” Binance said in a blog post without naming the new partners.
- The fiat services include euro deposits and withdrawals via the Single Euro Payments Area (SEPA) network, euro spot trading pairs as well as the buying and selling of crypto via SEPA, bank cards and fiat balances.
- A Binance spokesperson told Forkast that the exchange is working with partners across Europe, including TrueLayer, Nuvei and “a number of card acquirers.”
- Paysafe Payment Solutions, Binance’s former euro banking partner, ceased offering support for the exchange on Sept. 25.
- The exchange has been facing regulatory challenges in the U.S. as well, where Binance has been sued by the Securities and Exchange Commission and the Commodities Futures Trading Commission earlier this year.
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