SEPA News

In a since-deleted customer service message, Binance said that the failed withdrawals were caused by temporarily suspended euro transactions through SEPA.

The exchange said its current partner for euro banking deposits and withdrawals would no longer serve the company from September 2023.

“We're delighted to add SEPA Instant to our growing portfolio of payment methods, giving our partners' users the power to make instant wire transfers of up to €100,000, 24/7," said Simplex CEO Nimrod Lehavi.

Abra now offers 28 digital currencies to all SEPA countries, allowing residents to transfer euros or other national currencies directly to the wallet.