Binance have had problems with different banks they were partners with for the dollar transfers of the last couple of months. Binance was scrambling to get a new partner to help the transfers make easy on the trading platform. However, Skrill the current partner of the exchange said that it will stop giving services to the crypto exchange soon.
Binance has explained on a 13th March email that Skrill will soon stop being their partner and will cease the pound transactions via direct banking on 22nd May. Their statement to their users read that they regret to inform the users that Skrill Limited have told them that they will not offer the GBP flat service anymore like transactions with cards and faster payment options.
The platform has also said that they are trying to find a perfect alternative for the business. They only have nine weeks left to successfully find the perfect alternate to that service. Binance however have said that the change in personel is not going to affect the accounts or the users of the company.
Binance Is Losing Tie Up With Skrill Limited:
The Binance spokeperson while talking to Cointelegraph has revealed that the transfers of the pounds have currently been suspended on 13th March but they will keep getting access to their balance and other things. The person also added that till then, the mathods of transactions pther than those of in fiat currencies will stay unaffected. He has also reassured the users that they can still use cards to buy or sell the crypto.
Binance is currently suspended from bank transfers. On 8th February, they failed to provide information about and saying that the restart will happen as soon as possible.