Binance, It is the world’s largest cryptocurrency exchange by trade volume. Although the leading cryptocurrency exchange can still maintain this position, there have been a lot of attacks against the exchange, especially in 2021.
As a result of these regulator-led attacks, Binance lost most of its payment infrastructure in Europe. Now the comeback has begun.
New Affiliate from Binance
England’s FPS Fast Payment Services Binance, which has been deprived of its network for a while, has made a new partnership.
In order for Binance to enter this fast payment network, it needed to partner with a company with this license, and Paysafe came to the rescue.
Binance and Paysafe announced a partnership on February 16. England’s financial regulator, FCA, is not happy with this situation.
According to information reported by the Financial Times, Changpeng Zhao’s exchange Binance has agreed with the leading payment portal Paysafe.
Thanks to the partnership, users will be able to deposit Sterling directly to the stock market and do this from their bank accounts.
The deal will also enable Binance users to use FPS. In this way, CZ actually returned to the UK’s financial market.
In a previous statement, FCA advised citizens in the country not to use Binance services. FCA has now reminded Paysafe officials that they must comply with the regulations.
In addition, the regulator PaysafeHe stressed that they will be watching closely. Although not legally authorized to interfere with the partnership, the FCA appears to be obsessed with Binance.