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Binance Discontinues Ukraine Services Amid Regulatory Challenges

Guavy AI Editorial Team
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Binance has announced that it will be delisting the USDT/UAH spot trading pair and closing UAH deposits and withdrawals via Fiat Trade UAH, affecting its Ukrainian clients. This move is set to take place on September 28.

The exchange stated that all open orders on the USDT/UAH Spot trading pair will be automatically removed after trading ceases, and users are advised to manage their UAH balances and open orders before the deadline.

Binance will also automatically convert all remaining UAH balances to USDT by September 30. The move is likely to disappoint some local users, as it means one less gateway between the domestic financial system and the crypto market.

The announcement comes amid regulatory challenges for Binance in the European Union, including a rejection of its license application through Greece. Earlier this year, the company launched seven new official WhatsApp channels, including one specifically dedicated to users in Ukraine.

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