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Binance is not shutting down its entire Peer-to-Peer (P2P) trading platform. However, it is discontinuing the P2P Cash Zone feature, which allows users to buy and sell cryptocurrencies for cash in person with registered merchants. This service will officially close on March 31, 2025.
Key Dates to Note:
Until March 25, 2025, 23:59 UTC+0: You can place new orders in the P2P Cash Zone.
After March 25, 2025: No new orders will be accepted in the Cash Zone.
By March 31, 2025, 23:59 UTC+0: The P2P Cash Zone will be fully closed.
Alternative Options:
Despite the closure of the Cash Zone, Binance's P2P platform remains operational with other payment methods. You can continue trading cryptocurrencies using various digital payment options available on the platform.
Recommendation:
To ensure a smooth transition, consider exploring and setting up alternative payment methods on Binance's P2P platform before the Cash Zone service ends. This proactive approach will help you continue your trading activities without interruption.
For more details, you can refer to Binance's official announcement on this update.
