According to a report from CoinDesk, it is understood that Mastercard is resuming cryptocurrency payment and deposit services on the Binance exchange, but withdrawal services have not yet been restored.
Binance now allows Mastercard users to purchase cryptocurrencies on the exchange again, after the financial card giant closed this feature in August 2023. Binance stated that in addition to allowing payments through Mastercard, Visa cards under the Binance brand will also be issued again.
When Mastercard decided to part ways with Binance last year, Binance was facing legal challenges in the United States, including multiple accusations from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
A Binance spokesperson stated via email:
