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What happened to checkout?

Credit cards payments processor Checkout.com is no longer servicing Binance, the world’s largest crypto exchange, a spokesperson from the exchange told TechCrunch. “There is no impact on our services and users can continue to use on-and off-ramps as usual,” the Binance spokesperson added.

Why did checkout send a letter to Binance?

The two letters, sent two days apart, cited “reports of regulators actions and orders in relevant jurisdictions” and “inquiries from partners,” the article said. It also added that Checkout had concerns over Binance’s issues it alleged the company has with anti-money laundering, sanctions and compliance controls.

What happened to Binance & checkout?

The London-based Checkout.com, which was in January 2022, terminated the relationship earlier this month through a pair of letters, according to a from Forbes. “We can confirm that as of this summer we no longer process payments for Binance,” a Checkout.com spokesperson told TechCrunch after publication.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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