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<p class="is-style-lead">In an Oct. 19 post, Binance shares the news of its growing European presence by collaborating with multiple regulated fiat partners to offer EUR services.&nbsp;</p>
<p>This initiative has already commenced with users being transitioned to the new services.</p>
<h2 class="wp-block-heading" id="new-partners">New partners</h2>
<p>These new fiat partners are providing a range of services to our users, such as EUR deposit and withdrawal through Open Banking and SEPA/SEPA Instant, as well as buying and selling cryptocurrencies using SEPA/SEPA Instant, bank cards, fiat balances, and offering EUR spot pairs for all users.</p>
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   <p lang="en" dir="ltr">More EUR fiat channels have arrived on <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a><br><br>We’re proud to announce that we’ve entered into agreements with multiple new EUR partners to provide deposit, withdrawal, and payment services, making your experience even more seamless.<br><br>Find out more 👇<a href="https://t.co/jKh2QxH3sN" target="_blank" rel="noopener noreferrer nofollow">https://t.co/jKh2QxH3sN</a></p>— Binance (@binance) <a href="https://twitter.com/binance/status/1715041951353827722?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 19, 2023</a>
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<p>For centralized exchanges, the establishment of these fiat “on-ramps” and “off-ramps” is said to play a pivotal role in enhancing the user experience and facilitating access to Web3 ecosystems for both newcomers and experienced crypto enthusiasts.</p>
<p>You might also like: <a href="https://crypto.news/binance-frances-managing-director-steps-down-amidst-regulatory-challenges/" rel="noopener noreferrer nofollow"> Binance France’s Managing Director steps down amidst regulatory challenges </a></p>
<p>However,&nbsp;<a href="https://www.binance.com/en/blog/fiat/binance-expands-freedom-of-money-for-european-users-with-new-eur-fiat-partnerships-3923321843149867820?ref=AZTKZ9XS&amp;utm_source=BinanceTwitter&amp;utm_medium=GlobalSocial&amp;utm_campaign=GlobalSocial" target="_blank" rel="noopener noreferrer nofollow">the announcement</a>&nbsp;does not specify who these new partners are.</p>
<h2 class="wp-block-heading" id="maintaining-compliance">Maintaining compliance</h2>
<p>The news comes just one day after <a href="https://crypto.news/binance-frances-managing-director-steps-down-amidst-regulatory-challenges/" data-type="link" data-id="https://crypto.news/binance-frances-managing-director-steps-down-amidst-regulatory-challenges/" rel="noopener noreferrer nofollow">Stéphanie Cabossioras’ resignation</a> as managing director of Binance’s French operations adds to a string of prominent departures amidst increasing regulatory scrutiny.&nbsp;</p>
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<p>As a result, critics of the company are saying that this may be the beginning of the end for Binance.</p>
<p>Read more: <a href="https://crypto.news/binance-us-alters-fdic-coverage-for-crypto-deposits/" rel="noopener noreferrer nofollow"> Binance US alters FDIC Coverage for crypto deposits </a></p>

Binance announces more EUR fiat channels

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