Share this article
Binance Says It Has Onboarded New Euro Fiat Partners for Deposits, Withdrawals
Paysafe, the crypto exchange's former service provider for euro transfers, ended support last month.
Updated Oct 19, 2023, 8:38 p.m. Published Oct 19, 2023, 8:17 p.m.
Crypto exchange Binance on Thursday informed users that it has onboarded new fiat service providers for euro (EUR) payments, deposits and withdrawals.
The company has signed agreements with "a number of new regulated and authorized fiat partners" to provide EUR services for its users in Europe, according to a Binance blog post. Services include EUR deposits and withdrawals via the Single Euro Payments Area (SEPA) payment network, EUR spot trading pairs and buying and selling digital assets via SEPA, bank cards or fiat balances, according to the post.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The announcement came after Paysafe, the exchange's former euro service provider, halted servicing Binance users in September. Some Binance users in Europe complained last month about being unable to withdraw euros from the exchange before Paysafe's deadline.
Read more: Some Binance EU Users Find Fiat Withdrawals Cut Off Even Before Paysafe Ends Service
The company did not name the new service providers in the email or in the blog post. Binance spokespersons didn't reply immediately to a request for comment.
Binance, the world's largest crypto exchange by trading volume, is facing regulatory pressure and lawsuits in various jurisdictions and several executives have exited the company and its affiliates this year.
The latest departure was the chief executive of Bifinity UAB, a Binance subsidiary for fiat payments registered in Lithuania, who stepped down Thursday, Bloomberg reported .
UPDATE (Oct. 19, 20:33 UTC): Adds departure of Bifinity UAB's CEO.
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
USDC Issuer Circle Secures Abu Dhabi's ADGM License in Middle East Expansion
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
What to know:
- Circle has obtained a Financial Services Permission license from Abu Dhabi Global Market, allowing it to operate as a Money Services Provider in the UAE.
- The stablecoin issuer has appointed Dr. Saeeda Jaffar, former manager at payments firm Visa.
- The approval comes as part of the UAE's emergence as a global hub for regulated digital assets, following similar licenses granted to Binance.
Top Stories
