Binance Enhances Crypto Accessibility with Mastercard Withdrawals in Europe and UK

Binance has introduced a groundbreaking feature enabling users in Europe and the UK to convert cryptocurrencies into fiat and withdraw funds directly to Mastercard. This service, powered by Mastercard Move, is designed to streamline the off-ramping process, offering speed and security. Initially supporting Euro payouts, Binance plans to expand this functionality, further bridging the gap between crypto and traditional finance.

Binance Launches Crypto-to-Mastercard Withdrawals in Europe and UK

Binance has rolled out a new feature allowing European and UK users to convert cryptocurrencies into fiat and withdraw directly to Mastercard. The service, powered by Mastercard Move, aims to simplify off-ramping with speed and security.

The exchange's 'Buy & Sell' functionality is now accessible via its platform, offering an alternative to traditional bank transfers. Initially supporting Euro payouts, Binance plans to expand to additional fiat currencies soon.

Mastercard highlights the feature's utility for quick liquidation of VIRTUAL assets or rapid fiat transfers from existing Binance balances. This development marks another step in bridging crypto ecosystems with traditional payment networks.

Tokenized Stocks Surge 220% as Ethereum and Solana Stand to Benefit

Tokenized equities have exploded in popularity, with market capitalization soaring 220% since June to $370 million. Binance Research data reveals a 56x increase in active users—from 1,600 to over 90,000—mirroring the frenetic growth of DeFi during its 2021 heyday.

Backed Finance's xStocks dominates trading volumes, surpassing $2 billion as European and non-U.S. investors flock to tokenized Tesla and SPY shares. The S&P 500 ETF now trails only Elon Musk's automaker in assets under management, with Nvidia, Circle, and Apple rounding out the top five holdings.

Regulatory tailwinds from the SEC's 'Project Crypto' initiative are accelerating institutional adoption. The movement of traditional capital markets onto blockchain rails—particularly ethereum and Solana networks—signals a structural shift in global finance.

Bitcoin Bull Run at Risk as Whales Sell and Retail Buys In Late

Bitcoin's bullish momentum appears fragile as whale activity signals potential distribution. Over the past week, BTC has oscillated between $111,855 support and $116,952 resistance, reflecting market indecision. CryptoQuant analyst Arab Chain observes a concerning pattern: $4-5 billion in BTC moved to Binance by whales since late July, typically a precursor to selling phases.

Retail participation has paradoxically increased during this period of price stagnation—a classic sign of late-cycle buying that often precedes corrections. Exchange inflows from large holders historically correlate with weakening upward momentum, raising the risk of deeper price declines. The market now watches whether retail demand can counterbalance whale selling pressure.

Baby Shark Universe (BSU) Listing on Binance Alpha Sparks $1 Price Target Speculation

Binance Alpha's announcement of listing Baby Shark Universe (BSU) on August 9 has ignited bullish sentiment around the token, with traders eyeing a $1 price target. The exchange's MOVE signals growing institutional interest in meme-inspired assets with strong community backing.

Market participants are positioning for potential volatility around the listing date, drawing parallels to previous exchange-driven rallies for niche tokens. Liquidity conditions on Binance Alpha will likely determine whether BSU can sustain momentum post-listing.