Binance Advises Users to Convert Euros to USDT Following Paysafe Debanking

Crypto exchange Binance has advised its users to convert their euros into USDT before the end of October due to the termination of support from its banking partner.

On September 28, Binance informed European Paysafe users that they should convert their EUR balances to USDT by October 31, explaining that Paysafe had “unilaterally decided to stop processing EUR deposits for Binance users.”