Cryptocurrency exchange Binance announced that it has acquired new fiat service providers for Euro (EUR) payments, deposits and withdrawals.
This development comes after Paysafe, the exchange's former service provider for euro transfers, ended support last month.
Binance has signed agreements with “a number of new regulated and authorized fiat partners” to offer EUR services to its users in Europe. These services include EUR deposits and withdrawals via the Single Euro Payments Area (SEPA) payment network, EUR spot trading pairs and digital asset trading via SEPA, debit cards or fiat balances.
The company said in a blog post:
“Binance is introducing new fiat partners to offer EUR services to users in Europe. We have signed agreements with a number of new regulated and authorized fiat partners to offer a variety of fiat services to our community. Users have already begun migrating to the new services.”
New nominal services offered by these partners include:
- EUR deposits and withdrawals via Open Banking and SEPA/SEPA Instant
- Crypto trading via SEPA/SEPA Instant
- Buying and selling crypto with debit cards
- Trading crypto with fiat balances
- EUR spot pairs for all users
*This is not investment advice.