Binance and BBVA Collaborate to Enable Customers to Store Assets Outside of the Exchange, Reports Financial Times
Binance, BBVA Partner To Let Clients Hold Assets Off Exchange – FT https://t.co/wz72h97Cnl
BINANCE, BBVA PARTNER TO LET CLIENTS HOLD ASSETS OFF EXCHANGE – FT
Binance has launched a new service enabling European users to convert cryptocurrency to fiat currency and withdraw funds directly to eligible Mastercard debit or credit cards with near-instant settlement. This feature, known as the "Sell to Card" service, facilitates fast and secure off-ramping of crypto assets to fiat, improving liquidity and access for users in the region. The service is powered by Mastercard and allows users to quickly access their funds in euros or other supported fiat currencies. Additionally, Binance has partnered with Spanish bank BBVA to allow clients to hold assets off the exchange, providing enhanced security and custody options. This collaboration aims to offer users more flexibility in managing their crypto holdings outside of Binance's trading platform.