Binance Suspends EUR Trading for Paysafe Users as Banking Partner Pulls Services

Binance, a popular cryptocurrency exchange, has halted EUR trading for Paysafe users after their banking partner, Paysafe, pulled its services. Binance is advising its customers using Paysafe to convert or withdraw their EUR balances by the end of the month. It is unclear why Paysafe, who specifically offers services for high-risk businesses including crypto, suddenly cut off Binance. Other exchanges and vendors still seem to be able to offer Paysafe. Paysafe has unilaterally decided to stop processing Euro deposits for Binance users.