News - Binance suspends deposits in euros

By Mike Hesp

Binance suspends deposits in euros

Tether (ERC-20) (USDT)

Binance suspends crypto trading with euros. Paysafe has jumped off board as a payment service provider - actually months ago.

Binance has temporarily suspended deposits with euros. The background is the jump away from payment service provider Paysafe.

Until Oct. 31, users can convert their euros to USDT. Credit card payments will continue to work.

Deposits in euros through Paysafe were already suspended on Sept. 25, and since yesterday, buying and selling cryptocurrencies has also been halted.

Several services such as spot trading, trading bots and auto-invest have also been suspended.

Binance speaks of a "sudden decision by Paysafe," but plans to integrate "new fiat channels" soon.

Paysafe already ended the partnership at the end of June. To date, Binance apparently has not found a replacement.

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