Binance Expands Freedom of Money for European Users With New EUR Fiat Partnerships
Main Takeaways
Binance has signed agreements with new fiat partners for EUR payments, deposits, and withdrawals.
Users are already migrating to these new services.
Fiat channels are an important factor in driving crypto adoption around the world – millions of Binance users have easy access to fiat channels.
What You Need to Know
Binance is introducing new fiat partners to provide EUR services to users in Europe. We have signed agreements with a number of new regulated and authorized fiat partners to provide a variety of fiat services to our community. Users have already started being migrated to the new services.
Fiat services offered by these new fiat partners to our users include:
EUR deposit and withdrawal via Open Banking and SEPA/SEPA Instant
buying and selling crypto via SEPA/SEPA Instant
buying and selling crypto with bank cards
buying and selling crypto with fiat balances
EUR spot pairs for all users
Why Are Fiat Partners So Important?
Being able to easily convert fiat to crypto, and back to fiat again, is a crucial part of advancing the adoption of digital assets globally. Without an easy way to buy or sell crypto, users who are new to the space can find the process of buying or selling crypto unintuitive and intimidating. Offering fiat services provides essential ease of use to all participants in the crypto ecosystem.
For a centralized exchange, ease of use and growing crypto adoption are principal goals. Having fiat ‘on-ramps’ and ‘off-ramps’ is key to a good user experience and enabling access to Web3 ecosystems for new users and crypto natives alike.
Binance’s mission is to increase the freedom of money globally, and having partners that enable us to meet this goal is crucial. The majority of our users around the world now have easy access to crypto through our fiat partner relationships, giving them the freedom to choose exactly how they use their money.