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  4. Binance loses another key partnership
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Binance loses another key partnership

Amid multiple regulatory clampdowns, Binance’s struggle to stay above the storm may only just be starting as yet another partner has severed ties with the leading crypto...
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Binance loses another key partnership Binance loses another key partnership

Amid multiple regulatory clampdowns, Binance’s struggle to stay above the storm may only just be starting as yet another partner has severed ties with the leading crypto exchange platform.

Clear Junction, a global payment solution provider and one of Binance’s more important partners in Europe, has confirmed that it will no longer facilitate either pound or euro payments to Binance. This is according to a Twitter post by Adam Sampson.

Clear Junction can confirm that it will no longer be facilitating payments related to Binance. The decision has been made following the Financial Conduct Authority's recent announcement that Binance is not permitted to undertake any regulatory activity in the UK.
Clear Junction made it possible for Binance to utilize deposits from both U.K.’s Faster Payments Service (FPS) and the Single Euro Payments Area (SEPA). Binance has already halted SEPA payments since last week, citing events that are beyond its control. And with the partnership over, Faster Payments withdrawals have also been suspended on maintenance grounds.

The move follows an announcement by the Financial Conducts Authority (FCA) stating that Binance is not permitted to undertake any regulated activity in the U.K. Following the announcement, several U.K. banks, including Barclays (LON:BARC) and Santander (MC:SAN), have stopped customers from making payments to the exchange.

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01-05-2024 10:45:17 (UTC+7)

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-0.0008 (-0.07%)

Summary

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Moving Avg:

Buy (0)

Sell (12)

Indicators:

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-0.0008 (-0.07%)

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Moving Avg:

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Sell (3)

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157.91

+0.12 (+0.07%)

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Moving Avg:

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AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

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Indicators:

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1.3780

+0.0003 (+0.03%)

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168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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2,295.80

-7.10 (-0.31%)

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81.14

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85.62

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4,920.55

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5,035.69

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17,921.95

-196.37 (-1.08%)

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8,144.13

-2.90 (-0.04%)

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17,763.03

+16.12 (+0.09%)

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1,973.05

-42.98 (-2.13%)

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10,854.40

-246.40 (-2.22%)

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49.155

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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