On August 17, the digital payment platform Checkout.com ceased cooperation with the Binance cryptocurrency exchange. This is reported Forbes.
The head of Checkout.com, Gioime Puza, cited “actions and decrees of regulators in relevant jurisdictions” and “requests from partners.” He also expressed additional concerns on anti-money laundering and sanctions issues.
The exchange reported that they do not agree with the former partner’s grounds for terminating the contract and are considering filing a lawsuit. The press service added that the situation will not affect Binance services in any way.
On August 16, the company closed the fiat-to-cryptocurrency exchange platform Binance Connect (Bifinity). According to a Forbes source, Checkout.com has processed $300-400 million worth of Binance transactions in recent months. In 2021, the crypto exchange was the largest client of the platform with an indicator of about $2 billion per month, the source added.
Earlier, the European company Paysafe Payment Solutions announced the termination of services for Binance from September 25th. Bifinity launched in March 2022 in collaboration with Checkout.com, Paysafe and other partners.
In March 2023, the CFTC filed a civil lawsuit against Binance. According to the department, the exchange violated the rules for trading derivatives by operating without proper registration.
Recall that in June, claims against Binance and its head, Changpeng Zhao, were put forward by the SEC. The regulator filed a total of 13 charges.
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2023-08-20 13:28:04
#Checkout.com #terminated #cooperation #Binance
