Also, updates on the move will be shared he said.īinance initially added GBP trading pairs in 2020, before its UK-based platform went live. The spokesperson added that as the services are valued by Binance users, the team would work hard to find an alternative solution for them. Nonetheless, the change would affect less than 1% of Binance users, a Binance spokesperson said. New users will be unable to open accounts with GBP deposits, however, existing users will still have access to their GBP balances. Looking at the UK regulatory environment in relation to crypto, the representative stated that it is “too challenging to offer this service at this time,” hence, the firm considered it a prudent decision taken in an “abundance’ of caution. ![]() Skrill agreed with Binance to cease offering their embedded wallet solution to their UK customers, a Skrill representative said. However, it could reconsider the move “unless it can find another service provider.”Īccording to the email, the Binance partner for Faster Payment Service transactions, Skrill Limited owned by PaySafe will not support it anymore, hence, customers won’t be able to use GBP as an account on or off-ramps. Binance.US shall not be liable for any consequences thereof.The notable crypto exchange, Binance in an email disclosed that it will suspend British pound sterling deposits and withdrawals starting on May 22. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. All information is provided on an as-is basis and is subject to change without notice, we make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability or completeness of any such information. Legal disclaimer: This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice and (2) relied upon for any investment activities. Bookmark the portal for detailed information on Binance.US' REST API and WebSockets, in addition to code samples in Python and Shell.ĭownload the Binance.US app to trade on the go: iOS | Androidįollow us on social media to stay up to date with Binance.US news and announcements: How to Automate KSHIB Conversions for API Traders and DevelopersĪPI users looking to automatically convert between SHIB and KSHIB with no fees can refer to Binance.US' API Documentation portal.
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