Paysafe abandons Binance, so it will no longer be possible to deposit Euros on the exchange.
The platform has been inviting all customers for a few days to convert all EUROs into USDT before October 31st as Paysafe, the banking partner, has ceased its relationship with the exchange. Sequentially, on September 25th Paysafe suspended deposits in euros, while from September 28th, users will no longer be able to trade their Euros either in spot trading or in Binance Convert (the exchange service similar to a token swap, quick, simple and with zero commissions).
The exchange tries to reassure users by stating that they are working to integrate new fiat channels.
It is clear that Binance is experiencing one of its toughest moments, if not the worst since it has been operational, also considering the problems with the SEC that I talked about in this article: https://www.publish0x.com/blogging-crypto/binance-vs-sec-an-endless-war-xlgldrq
But there are also good news here: https://www.publish0x.com/blogging-crypto/binance-and-mitsubishi-trust-bank-team-up-for-a-new-stableco-xpxjgew
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