Numerous sources have indicated that Binance, the largest crypto exchange by global trading volume, has temporarily halted EUR withdrawals and deposits through SEPA due to challenges with a third-party payment facilitator. However, a post published by Binance’s customer support team at 12:21 p.m. (ET) on Monday notes the service will officially halt on September 25, 2023.
Binance to Suspend EUR SEPA Transactions
On Monday, August 19, 2023, Binance’s dedicated customer support channel, the X account, stated that SEPA transfers for EUR are currently on hold. “Please be informed that currently, direct bank transfer for EUR currency is in maintenance,” the support channel informed a user. In subsequent messages to select Binance patrons, the exchange articulated their efforts to rectify the situation.
“We regret to inform you that we have temporarily suspended EUR withdrawals and deposits via SEPA,” the Binance customer support message detailed. “Unfortunately, our provider
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