Share this article
Binance Temporarily Stops Payments From EU's Sepa Platform: Report
The exchange has faced increasing headwinds in Europe over the past two weeks.
By James Rubin
Updated Sep 14, 2021, 1:21 p.m. Published Jul 6, 2021, 9:07 p.m.
Make us preferred on Google
Crypto exchange Binance has temporarily halted payments from the European Union's Single Euro Payments Area (SEPA), according to a Financial Times report citing a company email.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
In the email, Binance said customers won't be able to deposit funds through Sepa starting 8 a.m. local time Wednesday and that the suspension was temporary. The company said the suspension was "due to events beyond our control" and that it was "working hard to find a solution with our partners."
"Deposits via Sepa will be returned within seven working days," but Binance's decision will not affect Sepa withdrawals, the company said.
The Sepa network was designed to simplify bank transfers among 27 EU member countries. The Times said Binance had also suspended the U.K.'s Faster Payments network.
Binance has faced European headwinds over the past two weeks. Barclays said Monday it was blocking customers from using their debit and credit cards to make payments to crypto exchange Binance, although the move does not prevent them from withdrawing funds from Binance.
In June, the U.K. Financial Conduct Authority (FCA) announced that Binance was not allowed to conduct any regulated activities in the country.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Gold tops $5,000 as bitcoin stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing
Bitcoin’s onchain data points to supply overhang and weak participation, while gold’s breakout is priced by markets as a durable macro regime shift.
What to know:
- Gold’s surge above $5,000 an ounce is increasingly seen as a durable regime shift, with investors treating the metal as a persistent hedge against geopolitical risk, central bank demand and a weaker dollar.
- Bitcoin is stuck near $87,000 in a low-conviction market, as on-chain data show older holders selling into rallies, newer buyers absorbing losses and a heavy supply overhang capping moves toward $100,000.
- Derivatives and prediction markets point to continued consolidation in bitcoin and sustained strength in gold, with thin futures volumes, subdued leverage and weak demand for higher-beta crypto assets like ether reinforcing the cautious tone.
Top Stories
