Binance re-enables deposit and withdrawal services for Euro

Crypto exchange Binance has restored deposit and withdrawal facilities for the Euro by teaming up with new fiat partners.
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October 20, 2023
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

TABLE OF CONTENTS
Changpeng Zhao, CEO of Binance; Photo Source: Binance (Youtube)
As stated by Binance, “Binance is introducing new fiat partners to provide EUR services to users in Europe. Fiat channels are an important factor in driving crypto adoption around the world – millions of Binance users have easy access to fiat channels.”

Crypto exchange Binance has restored deposit and withdrawal facilities for the Euro by teaming up with new fiat partners.

Earlier in September, PaySafe, Binance’s former banking partner, stopped processing Euro deposits. The sudden disruption of Euro transactions prompted Binance to suspend all EUR spot trading pairs on its platform. Although Binance allowed users to withdraw their Euro holdings to their bank accounts, the exchange began requesting clients to convert their EUR assets to stablecoin Tether (USDT).



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Binance has now resumed Euro transactions after securing new banking partners. In the blog post, the exchange confirmed that clients can deposit and withdraw their Euro via Open Banking and SEPA/SEPA Instant.

Having restored EUR spot trading pairs for all users, Binance noted that its new fiat partners will allow clients to trade cryptocurrencies through multiple payment methods, including bank cards, SEPA gateway, and fiat balances.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn

Binance re-enables deposit and withdrawal services for Euro

HomeCrypto exchanges
Contents
Changpeng Zhao, CEO of Binance; Photo Source: Binance (Youtube)
As stated by Binance, “Binance is introducing new fiat partners to provide EUR services to users in Europe. Fiat channels are an important factor in driving crypto adoption around the world – millions of Binance users have easy access to fiat channels.”

Crypto exchange Binance has restored deposit and withdrawal facilities for the Euro by teaming up with new fiat partners.

Earlier in September, PaySafe, Binance’s former banking partner, stopped processing Euro deposits. The sudden disruption of Euro transactions prompted Binance to suspend all EUR spot trading pairs on its platform. Although Binance allowed users to withdraw their Euro holdings to their bank accounts, the exchange began requesting clients to convert their EUR assets to stablecoin Tether (USDT).



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Binance has now resumed Euro transactions after securing new banking partners. In the blog post, the exchange confirmed that clients can deposit and withdraw their Euro via Open Banking and SEPA/SEPA Instant.

Having restored EUR spot trading pairs for all users, Binance noted that its new fiat partners will allow clients to trade cryptocurrencies through multiple payment methods, including bank cards, SEPA gateway, and fiat balances.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

As stated by Binance, “Binance is introducing new fiat partners to provide EUR services to users in Europe. Fiat channels are an important factor in driving crypto adoption around the world – millions of Binance users have easy access to fiat channels.”

Crypto exchange Binance has restored deposit and withdrawal facilities for the Euro by teaming up with new fiat partners.

Earlier in September, PaySafe, Binance’s former banking partner, stopped processing Euro deposits. The sudden disruption of Euro transactions prompted Binance to suspend all EUR spot trading pairs on its platform. Although Binance allowed users to withdraw their Euro holdings to their bank accounts, the exchange began requesting clients to convert their EUR assets to stablecoin Tether (USDT).



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Binance has now resumed Euro transactions after securing new banking partners. In the blog post, the exchange confirmed that clients can deposit and withdraw their Euro via Open Banking and SEPA/SEPA Instant.

Having restored EUR spot trading pairs for all users, Binance noted that its new fiat partners will allow clients to trade cryptocurrencies through multiple payment methods, including bank cards, SEPA gateway, and fiat balances.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Written by
Ayush Pande