Binance is set to discontinue its card services in Europe amid the recent emergence of other crypto cards in the market.
On its website Friday, the crypto exchange noted it would shut down its Visa debit cards in the European Economic Area (EEA) on Dec. 20.
Certain rival exchanges appear set to continue offering card services, while others have designed “non-custodial” options to limit third-party risk.
The Binance Visa card launched in Europe in September 2020. It has allowed residents of the continent to convert and spend crypto in more than 60 million online and physical stores, according to the company.
Powered by Swipe, the card is linked to a card wallet within a user’s…
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