News
Public · Published
EUR fiat deposit method.
After July 14, Binance stopped accepting SEPA deposits for euros and replaced it with a new partner called Bpay for euro deposits.
Published:
Updated:
What happened
After July 14, Binance stopped accepting SEPA deposits for euros and replaced it with a new partner called Bpay for euro deposits.
Confirmed
Global impact / market context
Euro traders on Binance must now use Bpay, which may have different processing times and fees, affecting how quickly they can fund large EUR/USDC positions and manage cash flow.
Analyst inference
The change comes as Binance adjusts its fiat on‑ramp services, a move that could influence user preferences for other exchanges offering cheaper or faster euro deposit options.
Analyst inference
What to watch
- Bpay transaction speed – if deposits take longer than SEPA, traders may face delayed entry into EUR‑denominated markets. Proposed
- Bpay fees – higher costs could reduce net investment returns for users moving large euro amounts into USDC. Proposed
- Alternative fiat gateways – competitors may promote lower‑cost or faster euro deposit methods, attracting Binance users. Proposed
Affected assets
- BNB — BNB
- USDC — USD Coin