Despite the good news from Binance I saw this week, I am concerned by the news that Binance is ending their crypto card services in the European Economic Area (EEA) on December 20, 2023.

Binance is one of the most popular cryptocurrency exchanges in the world, and their crypto card was a convenient way for users to spend their crypto in the real world. However, the decision to end this service is a setback for Binance and its users.

There are a few possible reasons why Binance is ending their crypto card services. One possibility is that the exchange is facing regulatory pressure in the EEA. Another possibility is that Binance is simply not finding the crypto card service to be profitable.

Whatever the reason, the ending of Binance's crypto card services is a reminder that the cryptocurrency industry is still in its early stages of development. Things are constantly changing, and there is no guarantee that even the most popular exchanges will be able to offer all of the same services in the future.

So, is Binance still the best exchange after ending their crypto card services? It depends on your needs. If you are looking for an exchange with a wide range of features and a large selection of cryptocurrencies, then Binance is still a good option. However, if you are looking for an exchange that offers a crypto card, then you will need to look elsewhere.

Here is a summary of the main points of the FAQ article on Binance's website about the closure of their crypto card services in the EEA:

• Binance Card services will no longer be offered in the EEA, but you can use your existing physical or virtual card as usual until 20 December 2023 00:00 (UTC+0). Your Binance account will not be affected.
• You can continue to use your Binance Visa Debit Card issued under the EEA program until 20 December 2023 00:00 (UTC+0). Your Binance account won’t be affected.
• Where available, you may consider using Binance Pay, a contactless, borderless and secure cryptocurrency payment technology designed by Binance, to shop with crypto at merchants that accept it. You can access Binance Pay from your Funding Wallet.
• You have to register a different card with the respective merchants and businesses to replace your Binance Visa Debit Card. Failure to do so may result in unsuccessful transactions.
• Yes, all Binance Visa Debit Cards issued under the EEA program are affected.
• Cashback for successful transactions will continue to be distributed as per normal.
• If you’ve lost your card, you may order a replacement card until 6 December 2023, and spend the funds from your Binance Card account as usual until the Binance Visa Debit Card EEA program is closed on 20 December 2023. Please note that the time it takes to deliver your card might vary depending on international and local post providers.
• Where available, users can shop with crypto and send crypto using Binance Pay, a contactless, borderless and secure cryptocurrency payment technology designed by Binance, at merchants accepting it. You can access Binance Pay from your Funding Wallet.

I hope this post has been helpful. If you are searching for another crypto card, please let me know, I will share some hacks.