Binance has nine weeks to find a new provider of GBP on-and-off ramp services after UK-based Skrill announced it is halting its services to the exchange.
Binance is scrambling to find a new service partner to process British Pound transfers on its trading platform after its current partner, Skrill Limited announced it will soon cease providing services to the crypto exchange.
Binance explained in a Mar. 13 email to “Binancians” that Skrill would stop processing GBP deposits and withdrawals via bank transfer with its “Faster Payments Service” and card in May. 22. “We regret to inform you that our GBP fiat partner, Skrill Limited, has informed us that it will stop offering GBP fiat services, namely deposits and withdrawals via Faster Payments and card, to Binance users,” the statement read.The trading platform added that they are “working hard to find an alternative provider” to provide GBP on and off-ramp services to users as soon as possible.Binance however confirmed that the change would not impact Binance Accounts or any Binance.
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