Binance Reopens SEPA Bank Transfers in EUR, Partners with Paysafe

Binance is gradually resuming EUR deposits and withdrawals through SEPA via a partnership with Paysafe.

1/26/2022 5:29:00 PM

Binance is gradually resuming EUR deposits and withdrawals through SEPA via a partnership with Paysafe.

Binance is gradually resuming EUR deposits and withdrawals through SEPA via a partnership with Paysafe.

According to anofficial release, Binance – the largest cryptocurrency exchange by means of daily traded volume – is reopening EUR transfers via SEPA.This has already come into effect as of January 26th, 13:00 UTC. It might be worth checking if your account was previously blocked to see if deposits and withdrawals via the above means are now possible.

The move comes through a partnership with Paysafe.Users are selected based on a range of testing criteria to participate in the pilot program. The full re-opening of SEPA channels will scale up across the markets in due course. – Reads the announcement.

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Binance – the world’s leading cryptocurrency exchange – has once again opened up EUR bank transfers through SEPA. According to an official release , Binance – the largest cryptocurrency exchange by means of daily traded volume – is reopening EUR transfers via SEPA. This has already come into effect as of January 26th, 13:00 UTC. It might be worth checking if your account was previously blocked to see if deposits and withdrawals via the above means are now possible. The move comes through a partnership with Paysafe. Users are selected based on a range of testing criteria to participate in the pilot program. The full re-opening of SEPA channels will scale up across the markets in due course. – Reads the announcement. This comes months after the exchange suspended payments from the SEPA network in June 2021. This came amid a period of increased regulatory scrutiny aimed at the leading crypto trading venue, but it appears that now things are shifting. The market has so far reacted positively to the news, with Bitcoin trading above $3,800 and ETH trading above $2.6k. SPECIAL OFFER (Sponsored)