Share this article
Barclays Block Is Based on 'Inaccurate Understanding,' Binance Says
An FCA warning refers to Binance Markets, not www.binance.com, the crypto exchange said.
Updated Sep 14, 2021, 1:21 p.m. Published Jul 6, 2021, 9:23 a.m.
Binance said the decision by Barclays to prevent customers using debit and credit cards to buy crypto on the exchange appears to be based on an "inaccurate understanding of events."
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Barclays said yesterday that it is stopping card payments to Binance following the Financial Conduct Authority's warning that the exchange should not be operating in the U.K.
- "We are disappointed that Barclays appears to have taken unilateral action based on what appears to be an inaccurate understanding of events," a Binance spokesperson said.
- Binance said the FCA warning specifically referred to Binance Markets and "does not apply to the products and services provided through www.binance.com."
- “We would welcome a dialogue with Barclays to discuss any concerns that they have and we hope that the above information helps to provide clarity on the matter."
Read more: Thailand SEC Files Criminal Complaint Against Binance
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
