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Binance’s Difficulties Ferments As Its Euro Service Provider Pulls Out

Published:

Yesterday, September 28, the world’s largest crypto exchange by trading volume, Binance, threw shocking news to its users.

It warns that its key Euro service provider, PaySafe Payment Solution Limited, has suddenly suspended the processing of EUR deposits, subsequently disrupting several services on the exchange.

The problems of Binance will never end, as the crypto exchange is facing many challenges on many fronts.

READ ALSO:Hong Kong Financial Regulators Will Likely Sue JPEX Bad Actors

Amid the increased concern of the community regarding the solvency of the platform and its top official’s massive exodus, Binance is being thrown another curve ball.

Its major Euro service provider abruptly severed ties with the exchange just yesterday. What will happen next?

Fast Facts

  • Due to the abrupt pulling out of PaySafe Payment Solution Limited, Binance’s primary Euro service provider, the crypto exchange was forced to suspend its EUR offerings until another partner surfaces.
  • This latest trend of calamity that befell Binance has led to serious concerns and put European users on edge. They are now asking whether a hidden problem is plaguing Binance, and if such is the case, what should they do?
  • Moreover, users discovered they needed help to buy or sell crypto with EUR balances or even engage in EUR spot trading at press time.
  • The crypto exchange announced that, in the meantime, it has temporarily halted various services. This includes EUR/USDT and EUR/BUSD spot trading bots, Binance convert, and Binance Auto-Invest.
  • Furthermore, Binance alerted its users that it will discontinue or cancel every existing open order still pending on its services until it can establish a new payment platform to minimize possible problems.
  • Meanwhile, the reason for the abrupt pulling out of PatSafe from Binance is still undisclosed.

What’s Happening In Crypto Today?

At the time of this writing, the price of Bitcoin is at $26,411.36, with a slight increase in market cap by 0.72% and an increase in trading volume by 79.06%.

On the side of Ethereum, it is selling at $1,615.63, with a slight increase in market cap by 1.60% and an increase in trading volume by 84.17%.

  • , Tether sells at $0.9992, with a decline in market cap by 0.01% and an increase in trading volume by 51.39%.
  • On the side of BNB, it is presently trading at $212.70, with a slight increase in market cap by 0.04% and a huge increase in trading volume by 136.83%.
  • Meanwhile, XRP is currently trading at $0.4966, with a drop in market cap by 0.38% and a slight increase in trading volume by 6.73%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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