{"id":83114,"date":"2023-08-16T10:03:19","date_gmt":"2023-08-16T07:03:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83114"},"modified":"2025-09-12T09:12:35","modified_gmt":"2025-09-12T06:12:35","slug":"binance-to-shut-down-binance-connect-platform","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-to-shut-down-binance-connect-platform\/","title":{"rendered":"Binance to shut down Binance Connect platform"},"content":{"rendered":"

On 16 August, Binance will cease operation of the fiat-to-cryptocurrency exchange platform Binance Connect (Bifinity).<\/p>\n

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\"image-518\"
Data: X<\/a>.<\/figcaption><\/figure>\n<\/div>\n

Biswap cited the termination of card support by Binance’s partners as the reason.<\/p>\n

The service was launched<\/a> in March 2022. It connected companies, sellers and consumers to the world of cryptocurrencies and blockchain technologies.<\/p>\n

The platform supported more than 50 digital assets and popular payment methods and systems such as Visa and Mastercard.<\/p>\n

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“We periodically review our products and services. [\u2026] We continually adapt and modify our business approach in response to changing market and user needs,”<\/em> \u2014 said a CoinDesk spokesperson.<\/p>\n<\/blockquote>\n

Earlier, the launch of Bifinity and the firm’s strategic partnership with the digital asset manager EQONEX drew a negative reaction from the FCA<\/span>.<\/p>\n

In March 2023, the exchange suspended deposits and withdrawals<\/a> in pounds sterling.<\/p>\n

In May, Binance’s Australian division notified<\/a> of the discontinuation of top-ups in Australian dollars due to actions by the payment service provider.<\/p>\n

Subsequently, Binance’s European banking partner\u2014Paysafe Payment Solutions\u2014announced that from 25 September it would discontinue servicing the platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

On 16 August, Binance will cease operating the Binance Connect (Bifinity) fiat-to-crypto exchange platform.<\/p>\n","protected":false},"author":1,"featured_media":83115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,36],"class_list":["post-83114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=83114"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83114\/revisions"}],"predecessor-version":[{"id":83116,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83114\/revisions\/83116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/83115"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=83114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=83114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=83114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}