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Binance Ends Support for Crypto-Backed Debit Card in Latin America and Middle East

  1. Home
  2. Bobs-News Categories Cryptocurrency Exchanges
  3. Binance Ends Support for Crypto-Backed Debit Card in Latin America and Middle East
  • bob
  • 2023-08-24
  • Cryptocurrency Exchanges
  • Cryptocurrency Innovations
  • Cryptocurrency Regulations
  • Market Updates
  • Regulatory Developments
Bitget has announced the listing of Stellar (XLM), a project with a current market cap of $3.4 billion, on its crypto derivatives platform. Deposits and trading are now open, with withdrawals available from August 25, 2023. The XLM/USDT pair is supported in the Innovation Zone, which offers a 60-day valuation period for listed trading pairs.XLM is an open-source crypto network that powers cross-border digital payments powered by Stellar Lumens. Bulls are looking to climb above $0.13 after Ripple scored a crucial win against the SEC. XLM price was 1.4% higher on Thursday, trading at around $0.12.Binance has notified its Latin America and Middle East customers that its cryptocurrency-backed debit card will not be available from September 21, 2023. The move will only impact 1% of users in the two regions, with support ending on August 25, 2023 for Middle East users. Binance launched its crypto-backed debit card in Argentina in August 2022 and in Brazil in January 2023, with the offering rolled out via a partnership with Mastercard.

Information Details
Geography South America
Countries
Sentiment neutral
Relevance Score 9
People None
Companies Bitget, Stellar, Binance, Mastercard, X
Currencies XLM, USDT, Bitcoin, Ethereum
Securities None

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