Binance has launched a new feature for its European users, enabling them to convert cryptocurrency into euros and off-ramp the funds directly to a Mastercard.
Serving a global community of over 300 million users, Binance has launched new “Sell to Card” and “Withdraw to Card” features. These updates are designed to simplify and speed up how people engage with digital assets, allowing users to convert crypto to fiat and access their funds faster than ever before.
The new service, powered by Mastercard Move, allows users to either sell their crypto for euros and send the proceeds straight to a card or withdraw an existing euro balance.
This integration, which is currently limited to Europe, is part of Binance’s effort to simplify and speed up crypto-to-fiat conversions. According to Binance’s Vice President of Fiat, Thomas Gregory, the company aims to work with global partners like Mastercard to expand financial access and everyday usability for its users.
The new card-based withdrawal option adds to existing off-ramps like bank transfers, but also invites closer regulatory scrutiny from authorities monitoring compliance and cross-border transactions.
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