Binance will stop processing GBP deposits and withdrawals for new users from March 13 and for all users from May 22.
“Paysafe, our fiat partner that provides Binance users with GBP deposit and withdrawal services via bank transfers and cards, has informed us that they will no longer be able to provide these services as of May 22, 2023,” a Binance spokesperson said.
According to Binance, the change will affect less than 1% of users. The exchange is already working to find an alternative solution.