Users of the cryptocurrency exchange Binance were notified on Thursday that additional fiat service providers for deposits, withdrawals, and payments in euros (EUR) have been added.According to a blog post on Binance, the business has agreements with “a number of new regulated and authorized fiat partners” to offer EUR services to its users in Europe.According to the post, services include buying and selling digital assets via SEPA, bank cards, or fiat balances; EUR spot trading pairs; and EUR deposits and withdrawals via the Single Euro Payments Area (SEPA) payment network.
Following Paysafe’s September withdrawal from serving Binance users, the exchange’s previous euro service provider made the news.Last month, a few European Binance users expressed dissatisfaction over their inability to withdraw euros from the exchange prior to Paysafe’s deadline.
Either in the email or the blog post, the corporation did not identify the new service providers.Remarks were requested, but no one from Binance responded right away.This year, multiple executives have left Binance and its affiliates, the largest cryptocurrency exchange in the world based on trading volume, due to legal action from various authorities and regulatory pressure.As to Bloomberg, the most recent departure was the CEO of Bifinity UAB, a subsidiary of Binance that is registered in Lithuania and handles fiat payments. The CEO resigned on Thursday.