Binance Reopens SEPA Bank Transfers in EUR, Partners with Paysafe

source : cryptopotato.com

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.
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