Binance Continues to Face Challenges in Securing Banking Partner in France: Report

After losing its euro banking partner, Paysafe, Binance France has advised its customers to promptly convert all fiat currencies held on the exchange into cryptocurrencies, as reported by an executive to local media.

The partnership between Binance France and Paysafe concluded on September 25. Paysafe had provided support for Binance’s French subsidiary, facilitating euro deposits and withdrawals through SEPA bank transfers. Although the termination of the partnership was announced in late June, Binance France has yet to secure a new partner.