Binance has urged all Paysafe users to convert their Euros into USDT as it suspends spot trading for the fiat currency.
Crypto exchange Binance has urged users to convert their Euros into Tether before the end of October, after losing the support of its banking partner.European Paysafe users to convert their EUR balances in their Binance accounts to USDT before Oct. 31, noting that Paysafe has"unilaterally decided to stop processing EUR deposits for Binance users."
Binance however noted that users may continue to withdraw their EUR balances from Binance accounts to their bank accounts.The firm said that Paysafe users will no longer be able to trade EUR spot trading pairs from Sept. 28 at 4:00 am UTC and open orders will be canceled an hour later. Binance Convert, which operates like a token swap, will also be restricted for EUR transactions.Paysafe suspended Euro deposits on Sept. 25.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance asks users to convert EUR to USDT after Paysafe goes AWOLBinance, one of the top crypto exchanges in the world, announced on Thursday that there will be a brief interruption of EUR payments due to Paysafe’s
Read more »
Binance CMO Hails Istanbul as a Crypto HubBinance CMO Rachel Conlan spoke to CoinDesk Türkiye in the lead up to Binance Blockchain Week.
Read more »
What the SEC's Lawsuits Against Binance and Coinbase Mean for CryptoThe Securities and Exchange Commission is separately suing two major cryptocurrency platforms, Binance and Coinbase. WSJ’s Caitlin Ostroff breaks down the lawsu
Read more »
SEC Takes Legal Action Against Binance Over Unregistered BNB SalesThe U.S. Securities and Exchange Commission (SEC) brings a claim against Binance, alleging unregistered sales of BNB tokens in violation of Securities Act.
Read more »
Why Binance and Banking Giant MUFG Want to Issue Stablecoins in JapanBinance Japan and Mitsubishi UFJ bank want to help with the country's Web3 ambitions by issuing stablecoins.
Read more »