Binance replied to Barclays decision to ban withdrawals

by in Cryptocurrency News


Earlier this week, it became known that a large British bank, Barclays, prohibited its clients from sending funds to the Binance cryptocurrency exchange.

The financial giant said this decision was prompted by its desire to protect investors from fraudsters.

The administration of the Binance platform commented on the position of the investment bank.

A representative of the trading platform noted that Barclays management is biased towards the cryptocurrency industry. The bank does not have a clear understanding of the market environment.

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The press service of the exchange stressed: “We are truly disappointed that Barclays took unilateral action based on what we perceive to be an inaccurate understanding of events.”

At the same time, Binance is ready for any dialogue with Barclays. Cooperation on all key issues is essential for a compromise solution to the problem and increasing market transparency.

Note that at the moment, Binance is ranked first in the ranking of platforms in terms of cryptocurrency trading volumes.

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According to Block Research, Binance accounts for up to 69.7% of total digital asset transactions.