Express

Binance to Suspend British Pound Deposits, Withdrawals

Katie Lin

Summary: Crypto exchange Binance has announced it will halt British pound (GBP) on- and off-ramps for new users starting March 13 and for all users staring May 22. The decision came after Paysafe, Binance’s fiat partner that provides GBP deposit and withdrawal services, announced it will no longer be working with the exchange beginning May 22. ...

Crypto exchange Binance has announced it will halt British pound (GBP) on- and off-ramps for new users starting March 13 and for all users staring May 22.

The decision came after Paysafe, Binance’s fiat partner that provides GBP deposit and withdrawal services, announced it will no longer be working with the exchange beginning May 22.

The change will affect less than 1% of users, and the exchange is working on finding an alternative solution, Binance said.

Author: Katie Lin

Last Update:

Tags: ,,,,
Link: Binance to Suspend British Pound Deposits, Withdrawals   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 1 hour ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 7 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 11 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 14 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 18 days ago

    • You need to login to comment.