Breaking: Binance Connect shutting down on Aug. 16 By Cointelegraph

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Binance Connect, the regulated buy-and-sell crypto arm of the Binance exchange, will shut down on Aug. 16, Cointelegraph confirmed on Aug. 15 via an email with a Binance spokesperson.

The same day, BNB Chain-based decentralized exchange Biswap tweeted that Binance “has made a difficult decision to disable @Binance_Connect on 15 August due to its provider closing the supporting card payments service.” The Binance spokesperson stated: