KEY POINTS
  • Binance has been informed by its partner for sterling transfers, Paysafe, that it would halt its services from sterling transfers for new users were stopped on Monday, it said.
  • "Binance will ensure that affected users are still able to access their GBP balances," the spokesperson said, adding that the change "affects less than 1% of Binance users."
Changpeng Zhao, billionaire and chief executive officer of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal, Nov. 2, 2022.

Binance is halting its sterling deposits and withdrawals, a company spokesperson said on Tuesday, a month after the world's largest crypto exchange ceased dollar transfers.

Binance has been informed by its partner for sterling transfers, Paysafe, that it would halt its services from sterling transfers for new users were stopped on Monday, it said.