London, England, October 23, 2023: Binance, the world’s largest cryptocurrency exchange, announced on October 19 that it had partnered with new fiat service providers to expand its range of euro (EUR) services in Europe.
The new partnerships will enable Binance users to deposit and withdraw EUR via Open Banking and SEPA/SEPA Instant, as well as buy and sell cryptocurrencies with SEPA/SEPA Instant.1
The move is seen as part of Binance’s broader strategy to expand its European footprint.
The exchange has been facing regulatory challenges in Europe in recent months, but it has continued to invest in the region. In May 2022, Binance received regulatory approval in France, and it has since announced plans to establish a regional headquarters in the country.
The new fiat service partnerships will make it easier and faster for European users to buy and sell cryptocurrencies on Binance. This is likely to boost the exchange’s popularity in the region and help it attract new users.
The news comes at a time when the cryptocurrency market is in a slump. Bitcoin and other cryptocurrencies have fallen sharply in price in recent months. However, Binance has said that it remains committed to expanding its European business.
- Binance: https://www.binance.com/en/blog/fiat/binance-expands-freedom-of-money-for-european-users-with-new-eur-fiat-partnerships-3923321843149867820[↩]
