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The wallet service provider of Binance that facilitates deposits and withdrawals of the British pound has informed Binance that it will finish up its services in May. 22. Binance is now on the lookout for an alternative service provider.
"We will provide more information on the suspension of withdrawal services at a later date," Binance said, adding that the suspension will not affect users' Binance accounts.
Binance is halting its sterling deposits and withdrawals, a company spokesperson said on Tuesday, a month after the world's largest crypto exchange ceased dollar transfers.