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 would soon cease providing services to the crypto exchange.
Binance explained in a March 13 email to “Binancians” that Skrill would stop processing pound deposits and withdrawals via bank transfer with its “Faster Payments Service” and card on 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.
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Binance’s email to users regarding GBP service suspension. Source: Twitter
The trading platform added that they are “working hard to find an alternative provider” to
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