Binance has reintegrated its Mastercard payment service as it restores the card feature
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Cryptocurrency exchange Binance has reintegrated its Mastercard payment feature.
The exchange had previously suspended its card service due to regulatory problems.
Binance is expected to offer additional features in the coming months.
Last year, a severe regulatory storm hit Binance, the world's largest exchange by trading volume, leading to a massive market exit and suspension of some services.
However, as its problems subside and the exchange regains its balance, it is reintegrating services, including resuming its card service.
Cryptocurrencies made easy - you can buy and sell easily.
Use Mastercard, Visa or SEPA to make bank transfers and enjoy seamless transactions!
Try it now https://t.co/shCZx59fi3 pic.twitter.com/05pzOC3sjh
– Binance (@binance) June 6, 2024
The recombination will provide users of the exchange with access to asset purchases and transfers using different types of cards.
Binance Card Remerged from Mastercard
On Thursday, June 6, Binance announced the resumption of its card payment option and its partnership with Mastercard.
This development follows Mastercard's exit from its partnership with the exchange in September 2023, which occurred alongside the departure of payment giant Visa amid regulatory challenges.
With the resumption of card services, you can