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Binance.US turns to crypto startup MoonPay after U.S. banks sever ties: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Diffuse CEO Kenny Estes weighs in on what could have caused bitcoin's big drop last week and describes the opportunities for investors amid the current environment.
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Wed, Aug 23 20233:02 PM EDT
On Wednesday afternoon a MoonPay spokesperson responded to CNBC Crypto World's request for comment saying, "MoonPay provides both on- and off-ramp services. With respect to Binance.US users, we are providing a service for those users that want to purchase crypto as well as convert their crypto to fiat and deposit into their US bank account. MoonPay performs rigorous KYC checks on all customers. We support many of our existing partners and exchanges with this functionality."